11433 US Hwy 271 S, Gladewater, TX 75647

Eric Kelley

PRO

TX 9007104

Cody Crist

PRO

TX 697980

Matt Davis

PRO

TX 657251

Branson Blackburn

PRO

TX 611825

Listed by Trinity Real Estate Investment Services

$1,124,550

37 days on market

Updated 37 days ago

Family Dollar

Details

Property Type

Retail

Sub Type

Convenience Store, Grocery Store (+1)

Square Footage

9,253

Cap Rate

NOI

$89,964

Occupancy

100%

Tenancy

Single

Brand/Tenant

Dollar General, Dollar Tree (+3)

Lease Type

Lease Term

10.1

Lease Expiration

01/31/2032

Remaining Term

Rent Bumps

Yes

Lease Options

Four (4), 5-Year; $4,590

Price per SqFt

$122

Year Built

2022

Acreage

1.500

Investment Type

Net Lease

Tenant Credit

Corporate Guarantee

Lease Commencement

01/01/2022

Ownership

Fee Simple

Retail | 8.00% CAP | 9,253 SqFt

Marketing description

Trinity Real Estate Investment Services is pleased to present the opportunity to a Family Dollar in Gladewater, TX. This property is a 2022 development featuring an NN lease with minimal landlord responsibilities—limited to the parking lot and roof & structure—and is located in close proximity to Union Grove Elementary School as well as Union Grove Junior and Senior High School.

Property Website: https://trinityreis.com/listing/11433-us-highway-271-s/

Investment highlights

2022 Development Family Dollar in Gladewater, TX
NN Lease With Minimal Landlord Responsibilities (Parking Lot and Roof & Structure)
Healthy 5-Mile Demographics for a Dollar Store With 18,000+ Residents and Positive Growth Rate
Close Proximity to Union Grove Elementary School and Union Grove Junior and Senior High School
Excellent Visibility Along US Hwy 271 With 7,000+ Vehicles Passing in Front of Subject Property Daily
Corporately Guaranteed, Family Dollar Has Strong Brand Recognition, Providing Household Products to Over 8,000 Neighborhoods in the Country