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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31248895
31248894

180 US-181, Taft, TX 78390

JB
TX 688810
Matthews
Listed by Matthews
$1,545,352
74 days on market
Updated 72 days ago

Family Dollar | 8.50% Cap Rate | Texas

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 10,500
Cap Rate 8.5%
NOI $131,355
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar, Dollar Store
Lease Type NN+
Lease Term 10.4
Lease Expiration 02/28/2034
Remaining Term 7.9
Rent Bumps Yes
Lease Options Five, 5-Year Options
Year Built 2023
Buildings 1
Stories 1
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 10/26/2023
Ownership Fee Simple

8.25 Years Remaining | Income Tax Free State

Investment highlights

Location Highlights

● Extremely attractive 8.50% cap rate for a stabilized investment

● 2023 build-to-suit construction for Family Dollar

● ±8.25 years remaining on an initial 10-year lease

● Corporately guaranteed lease by Family Dollar

● 10-mile population of ±35,369 residents

● Average household income of $98,829 annually

● Taft is located in south Texas just 20 minutes north of Corpus Christi

● Rent increases of $5,250 ($0.50 / SF) in all five, 5-year options



Tenant Highlights

● In 2025 Family Dollar was acquired by private equity investors (Brigade Capital Management, Macellum Capital Management, and partners) in a definitive transaction (~$1.0B) aimed at revitalizing the brand as a standalone retailer, distinct from Dollar Tree’s strategy. The new owners are focused on operational turnaround, brand investment, and tighter portfolio optimization.

● Now operating as an independent company, Family Dollar benefits from both fresh capital and significant retail expertise. This backing is expected to accelerate store upgrades and drive operational improvements. With its proven value-focused

model and strong presence in local communities, Family Dollar continues to serve as a resilient tenant, positioned for sustained growth in the years ahead.

● With roughly 7,000+ locations across the U.S., Family Dollar delivers widespread physical access to core grocery and household categories. Its neighborhood-centric footprint positions it as a convenient, quick-trip destination for budget-minded consumers.

Listing Contacts

JB
TX 688810
Matthews
Listed by Matthews

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$131,355.00
$10,946.25/mo

Valuation Metrics

0
DSCR
8.5%
Cap Rate
8.5%
ROI

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Additional Information

Name
Patrick Graham
License
528005, 9005919 (TX)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
2699 Howell St., Suite 400, Dallas, TX 75204
Name
Josh Bishop
License
688810
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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