225 E Loop 255 | Teague, TX 75860
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- LoopNet Team
225 E Loop 255
Teague, TX 75860
Family Dollar · Retail Property For Sale
Investment Highlights
- Store being expanded and rebranded as a new combination Family Dollar/Dollar Tree Store
- Double Net (NN) lease for newly expanded Family Dollar/Dollar Tree combination store
- Annual NOI of $105,000 and low annual rental rate of $10.00 per square foot, provide affordable and sustainable tenant rent
- Family Dollar/Dollar Tree combination stores have a 20% increase in store sales
- New 10-year lease commences 05/01/2023
- Five (5-yr) renewal options with $0.50 per square foot scheduled rental increases
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
10,500 SF
Building Class
B
Year Built/Renovated
2012/2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.22 AC
Zoning
AA2
Parking
23 Spaces (2.88 Spaces per 1,000 SF Leased)
Frontage
135 FT on East Loop 255
PROPERTY TAXES
| Parcel Number | 9859 | Improvements Assessment | $887,800 |
| Land Assessment | $21,200 | Total Assessment | $909,000 |
PROPERTY TAXES
Parcel Number
9859
Land Assessment
$21,200
Improvements Assessment
$887,800
Total Assessment
$909,000
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