Dark Family Dollar | Still Paying Rent | 201 W Mulberry St
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Dark Family Dollar | Still Paying Rent 201 W Mulberry St
9,180 SF Retail Building Angleton, TX 77515 $1,500,000 ($163/SF) 8.56% Cap Rate
Investment Highlights
- Corporate Guaranteed Lease | Options To Extend | Family Dollar Still Paying Rent
- Signalized, Hard-Corner Intersection (30,800 VPD) | Excellent Visibility | Strong National/Credit Tenant Presence
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dark Family Dollar investment property located in Angleton, Texas. The tenant, Family Dollar Stores of Texas, LLC signed a 15-year lease with 6 (5-year) options to extend and approximately 7 years remaining, demonstrating their commitment to the site. The lease features a 10% rental increase after year 10 of the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,180 SF
Building Class
B
Year Built
2015
Price
$1,500,000
Price Per SF
$163
Cap Rate
8.56%
NOI
$128,326
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.36 AC
Zoning
C-G - Commercial-General
Parking
46 Spaces (5.01 Spaces per 1,000 SF Leased)
Frontage
117 FT on W. Mulberry St
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1310-0278-000 | Improvements Assessment | $1,669,890 |
| Land Assessment | $823,620 | Total Assessment | $2,493,510 |
PROPERTY TAXES
Parcel Number
1310-0278-000
Land Assessment
$823,620
Improvements Assessment
$1,669,890
Total Assessment
$2,493,510
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Dark Family Dollar | Still Paying Rent | 201 W Mulberry St
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