Family Dollar Double Net Lease Investment 1343 10th Street, Zapata, TX Cap Rate 6.85% Falcon Shores (Zapata, Texas, US ) Built

$1,397,000 USD
DOLLARS

BAI-MEX Bienes Raíces y Negocios

bai -mex bai -mex +528115997536 (Cell) Request More Info

  • Type: Commercial
  • Style: Commercial
  • Size: 9,180 sq. ft.
  • Development Level: Built
  • Lot Size: 0.8 acres
  • Year Built: 2019

Description

Family Dollar Double Net Lease Investment 1343 10th Street, Zapata, TX Cap Rate 6.85%

Cap Rate 6.85%
NOI $95,670
Building Size 9,180 sqft
Lot Area 0.8 acres
Lease TypeDouble Net
Year Built 2019
Roof & StructureLandlord's Responsibility

DESCRIPTION
As one of the nation’s fastest growing retailers, Family Dollar offers a compelling assortment of merchandise for the whole family, ranging from household cleaners to name brand foods, from health and beauty aids to toys, from apparel for every age to home fashions, all for everyday low prices. While shoppers can find many items at $1 or less, most items in the store are priced below $10, which makes shopping fun without stretching the family budget.

The relatively small footprint of many Family Dollar stores allows the Company to open new stores in rural areas and small towns, as well as in large urban neighborhoods. Within these markets, the stores are located in shopping centers or as free-standing buildings, all convenient to the Company’s customer base.

In 2015, Dollar Tree acquired Family Dollar. Headquartered in Chesapeake, Virginia, Dollar Tree is the largest and most successful single price-point retailer in North America, operating thousands of stores across 48 contiguous U.S. states and five Canadian provinces. Dollar Tree’s strategic rationale behind the Family Dollar acquisition include creating a leading discount retailer in North America, targeting a broader range of customers and geographies, leveraging complementary merchandise expertise, generating significant synergy opportunities, and enhancing financial performance and improved growth

HIGHLIGHTS
• New 10-Year Corporate Guaranteed Lease
• 5% Rental Increases Each 5 Year Option Period
• 13,255 Residents within a 5-Mile Radius - Growing Zapata Trade Area
• Population and Households Projected to Increase 15%+ in the Immediate Area Over the Next Five Years
• Located Along West 13th Avenue (Highway 16), the Main Corridor Through the City
• Across the Street from the Newly Developed Tractor Supply Co.
• Down the Road from Zapata High School, Zapata Middle School, and Zapata North Elementary School (Nearly 3,000 Total Students)
• Large Lot (.8 Acres) at the Corner of West 13th Avenue and 10th Street, with Three Points of Access

For more information

Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.


Attachments

P2#436016929
top
Information is deemed to be correct but not guaranteed.