Listed by Anchor Point Capital
$1,471,000
Family Dollar - Rare Absolute NNN Lease
Details
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 8,320
Net Rentable (SqFt) 8,320
Units 1
Cap Rate 7.75%
NOI $114,000
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Expiration 03/31/2033
Remaining Term 6.7
Rent Bumps Yes
Lease Options 6 - 5 Year Options
Year Built 2017
Acreage 0.920
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Rare Absolute NNN Family Dollar; Recent Early Lease Extension
Investment highlights
For more information contact:
- Gage Thomas - [email protected]
- William Ito - [email protected]
Excellent Single Tenant Investment Opportunity
- Rare Absolute NNN Lease with Family Dollar; Zero Landlord Responsibilities
- Recent Early Lease Extension Demonstrating Tenant’s Commitment to this Location
- Corporate Guarantee
- Texas Location with No State Income Tax
- Approximately 7 Years of Lease Term Remaining
- Six (6) Five-Year Renewal Options with Fixed Increases
- Strong Daily-Needs, Recession Resistant Retail Fundamentals; Draws Repeat Customer Traffic Through Consumable, Household, Grocery, Health, Beauty, and Convenience-Oriented Merchandise
Outstanding Location in San Antonio, TX
- Supported by the Economic Spillover of Port San Antonio (a 1,900-Acre Aerospace/Tech Campus), Joint Base San Antonio-Lackland, and Nearby Industrial Employers, Helping Sustain Strong Housing Demand and a Stable Local Workforce Base
- Critical Neighborhood Commuter Artery; Castroville Road (11,600 VPD) is a Primary East-West Thoroughfare Connecting Directly to Downtown San Antonio, US-90, and Major Employment Corridors
- Dense, Infill Location with Ideal Tenant Demographic Match
- 13,700 People with an Average Household Income of Nearly $60,000 within a 1-Mile Radius
- Over 100,000 People with an Average Household Income of Nearly $55,000 within a 3-Mile Radius
- Positioned to Capitalize on San Antonio’s Continued Westward Expansion, Including Major New Residential Development Along the US-90 Corridor and the 435-Acre Alsatian Oaks Master-Planned Community
- Located in the San Antonio–New Braunfels MSA, One of Texas’ Largest Growth Markets with 2.81 Million People
Listing Contacts
Listed by Anchor Point Capital
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$114,000.00
$9,500.00/mo
Valuation Metrics
0
DSCR
7.75%
Cap Rate
7.75%
ROI
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