Listed by SRS Real Estate Partners South Florida
$989,000
Family Dollar - Irving TX
Details
APN 3.22425E+16
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 7,952
Cap Rate 6.85%
NOI $67,760
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NN
Lease Term 5
Lease Expiration 12/31/2028
Remaining Term 2.6
Lease Options 3 (5-Year)
Broker Co-Op Yes
Year Built 2003
Buildings 1
Stories 1
Acreage 0.960
Zoning General Commercial
Parking Spaces 37 spaces
Parking Per SqFt 4.65
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/2024
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 6.85% CAP | 7,952 SqFt
Investment highlights
- Over 2 Years Remaining | Corporate Guaranteed | Investment Grade Tenant (S&P: BBB) | Options to Extend
- Limited Landlord Responsibilities | Fee Simple Ownership | NN Lease
- Strong National/Credit Tenant Presence | Nearby Schools |Signalized, Hard Corner Intersection | Dense Retail Corridor
- Local Demographics in 5-Mile Trade Radius | Direct Consumer Base
Listing Contacts
Listed by SRS Real Estate Partners South Florida
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$67,760.00
$5,646.67/mo
Valuation Metrics
0
DSCR
6.85%
Cap Rate
6.85%
ROI
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