Listed by SRS Real Estate Partners Tampa, SRS Real Estate Partners South Florida
$887,000
Family Dollar - Tulia TX
Details
APN 17654
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,330
Cap Rate 9%
NOI $79,860
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 20
Lease Expiration 12/31/2029
Remaining Term 3.4
Rent Bumps Yes
Lease Options 5 (5-Year) options; 3 options remaining
Year Built 2008
Acreage 1.030
Zoning C-2: General Commercial District
Parking Spaces 35 spaces
Parking per 1,000 SqFt 3.75
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/31/2009
Ground Lease No
Ownership Fee Simple
Retail | 9.00% CAP | 9,330 SqFt
Investment highlights
- 17+ Year Operating History | Corporate Guaranteed | Options To Extend | Scheduled Rental Increases
- NN Leased | Fee Simple Ownership | No State Income Tax | Limited Landlord responsibilities
- Frontage On SW 2nd Street | Excellent Visibility & Access
- Surrounding Retailers | Strong Demographics In A 5-Mile Trade Area
- Nazareth Solar Development | Hornet Solar Development
Listing Contacts
Listed by SRS Real Estate Partners Tampa, SRS Real Estate Partners South Florida
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$79,860.00
$6,655.00/mo
Valuation Metrics
0
DSCR
9%
Cap Rate
9%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Title
Is there information that looks off?
