Family Dollar Store 504 West Main Street, Edna, TX Cap Rate 7.15% Edna ( Texas, US ) Built

$1,294,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 9,180 sq. ft.
  • Development Level: Built
  • Lot Size: 44512 sq. ft.
  • Year Built: 2019

Description

Family Dollar Store 504 West Main Street, Edna, TX Cap Rate 7.15%

NOI: $92,517
Building Size: 9,180 sqft
Lot Area: 44,512 sqft
Occupancy: 100%
Lease Type: Double Net
Year Built: 2019
Price Per Sqft: $140.96
Tenancy: Single
Parking Spots: 30
Lease Expire Year: 03/31/2030

Price: $1,294,000 USD

DESCRIPTION
The subject property consists of a new construction, 9,180 square foot, freestanding Family Dollar Store situated on a 1.02 acre parcel and located in Edna, TX. This new build-to-suit has in place a 10-year NN lease with minimal landlord responsibilities (roof and structure – roof comes with a 20-year transferrable “weatherproof” warranty). The city of Edna is located just 100 miles southwest of downtown Houston, TX, just 25 miles northeast of Victoria, TX and is the County Seat of Jackson County, TX. Edna sits just off TX Hwy 59, a highly trafficked arterial thoroughfare connecting a lineup of smaller Texas markets to Houston’s hub. The property is surrounded by commerce and several other national tenants including: HEB Grocery, O’Reilly Auto Parts, Sonic Drive-Thru, Pizza Hut, NAPA Auto, Wells Fargo Bank, McDonald’s, Tractor Supply Company, Whataburger, Walmart and Dollar General to name a few.

This location fits into the well-established strategic store expansion program of Family Dollar, providing convenience goods (including food, refrigerated products and non-perishable items) to customers in largely underserved retail areas. Demographics indicate a population of 6,262 within a 5-mile radius of the subject property with average HH incomes of $65,082.

HIGHLIGHTS
• New Construction 2019 Built-to-Suit
• Located just 100 miles from downtown Houston, TX & 25 miles from Victoria, TX
• No caps for tenant reimbursements of real estate taxes and property insurance
• Excellent visibility off of W. Main St. with over XXXXXXX vehicles per day
• Brand new 10-year NN Lease with minimal LL responsibilities
• (6) 5-year renewal options with 5% rental increases in each
• Investment grade tenant (NASDAQ: DLTR | BBB-, Stable outlook)
• 6,262 people within a 5-mile radius of the property

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

P2#442486707
top
Information is deemed to be correct but not guaranteed.