Family Dollar | 1002 S Eddy St
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Family Dollar 1002 S Eddy St
11,426 SF Retail Building Pecos, TX 79772 $673,145 ($59/SF) 8.50% Cap Rate
Executive Summary
Addison Williams from CBRE is pleased to offer for sale an inline single-tenant net leased Family Dollar in Pecos, TX. Operating at this location since 1994, Family Dollar recently exercised its 6th extended term with over 5 years now remaining on the lease. Family Dollar has three 5-year options remaining, each with 10% rental escalations. The Lease is on a NN basis, whereby the majority of property expenses are paid for by Tenant. Landlord perennially collects additional income from the property through the Percentage Rent clause in the Lease.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
11,426 SF
Building Class
B
Year Built
1950
Price
$673,145
Price Per SF
$59
Cap Rate
8.50%
NOI
$57,217
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
0.78 AC
PROPERTY TAXES
| Parcel Number | 0007115 | Improvements Assessment | $135,644 |
| Land Assessment | $37,205 | Total Assessment | $172,849 |
PROPERTY TAXES
Parcel Number
0007115
Land Assessment
$37,205
Improvements Assessment
$135,644
Total Assessment
$172,849
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Family Dollar | 1002 S Eddy St
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