Dollar Tree Center | 3040 E Main St
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Dollar Tree Center 3040 E Main St
33,939 SF 100% Leased Retail Building Uvalde, TX 78801 $6,827,000 ($201/SF) 7.25% Cap Rate
Investment Highlights
- Priced Significantly Below Replacement Cost
- Situated Along Major Retail Corridor
- 100% Occupied with Triple Net Leases
Executive Summary
• Priced Significantly Below Replacement Cost – At a price of $201 PSF, this asset is offered significantly below replacement cost averages of approximately $371 PSF (Source: ProEst)
• 100% Occupied with Triple Net Leases – Allows an investor the opportunity to acquire an asset on a passive income structure with limited landlord responsibilities, ease of management, and rental escalations providing for a strong hedge against inflation
• The On-Site, Freestanding Applebee’s Ranks in the Top 13% Across All Locations in Texas in Terms of Visitor Counts – Applebee’s has operated at this location for over twenty years and is paying significantly below market rent at $9.61 PSF (Source: Placer.ai)
• Shadow Anchored by Walmart Supercenter Boasting Over 2.1 Million Annual Visits – The next closest Walmart is 40 miles away serving an entirely different market and demographic (Source: Placer.ai)
• Strategically Located at Signalized Hard Corner Intersection with Excellent Visibility and Access – The site sits along US-90 which is one of the main thoroughfares in Uvalde and boasts over 23,500 VPD (Source: CoStar Analytics)
• Texas has NO State Income Tax
• 100% Occupied with Triple Net Leases – Allows an investor the opportunity to acquire an asset on a passive income structure with limited landlord responsibilities, ease of management, and rental escalations providing for a strong hedge against inflation
• The On-Site, Freestanding Applebee’s Ranks in the Top 13% Across All Locations in Texas in Terms of Visitor Counts – Applebee’s has operated at this location for over twenty years and is paying significantly below market rent at $9.61 PSF (Source: Placer.ai)
• Shadow Anchored by Walmart Supercenter Boasting Over 2.1 Million Annual Visits – The next closest Walmart is 40 miles away serving an entirely different market and demographic (Source: Placer.ai)
• Strategically Located at Signalized Hard Corner Intersection with Excellent Visibility and Access – The site sits along US-90 which is one of the main thoroughfares in Uvalde and boasts over 23,500 VPD (Source: CoStar Analytics)
• Texas has NO State Income Tax
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
33,939 SF
Building Class
C
Year Built
2004
Price
$6,827,000
Price Per SF
$201
Cap Rate
7.25%
NOI
$494,974
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
3.47 AC
Frontage
479 FT on East Main Street
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 18786 | Improvements Assessment | $1,509,329 |
| Land Assessment | $532,059 | Total Assessment | $2,041,388 |
PROPERTY TAXES
Parcel Number
18786
Land Assessment
$532,059
Improvements Assessment
$1,509,329
Total Assessment
$2,041,388
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Dollar Tree Center | 3040 E Main St
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