Family Dollar/Dollar Tree | 10yr Corp NN | 204 Center st
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Family Dollar/Dollar Tree | 10yr Corp NN 204 Center st
10,500 SF Retail Building Archer City, TX 76351 $1,650,000 ($157/SF) 7% Cap Rate
Investment Highlights
- Brand New 10-Year Lease | Options To Extend
- Primary Retail Corridor | Close Proximity to Wichita Falls
- NN Lease | Fee Simple Ownership | Limited 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 a NN leased, Family Dollar Tree investment property located in Archer City, Texas. The tenant, Family Dollar Stores of Texas, LLC, Inc recently signed a brand new 10-year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features rental increases of $0.50 per square foot at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,500 SF
Building Class
B
Year Built
2024
Price
$1,650,000
Price Per SF
$157
Cap Rate
7%
NOI
$115,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.81 AC
Zoning
F1
Parking
47 Spaces (4.48 Spaces per 1,000 SF Leased)
Frontage
113 FT on South Center Street
Amenities
- Signage
PROPERTY TAXES
| Parcel Number | 04400-00800-03200-000000 | Improvements Assessment | $548,010 |
| Land Assessment | $30,000 | Total Assessment | $578,010 |
PROPERTY TAXES
Parcel Number
04400-00800-03200-000000
Land Assessment
$30,000
Improvements Assessment
$548,010
Total Assessment
$578,010
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Family Dollar/Dollar Tree | 10yr Corp NN | 204 Center st
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