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Vacant-User

$1 Auction | Former Dairy Queen – Pineland, TX

100 U.S. Hwy 96 N, Pineland, TX 75968

Listing Price: $1

Gross SF
2,080
Rentable SF
2,080
Lot Size
0.52 acres
Year Built
1976

Investment Overview

Register to Bid and Access Due Diligence Documents on RI Marketplace Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing, retail building located at 100 US Highway 96 N in Pineland, Sabine County, Texas (the "Property"). The Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount. Positioned on a hard corner with ±0.516 acres of land, the Property offers abundant parking and is comprised of a one-story, free-standing building totaling ±2,080 square feet. The Property was formerly occupied by Dairy Queen on a triple net lease at a rental rate and offers potential investors the ability to acquire a free-standing retail building with significant value add through long term lease up, adaptive reuse, or repositioning. Originally built in 1976 and completely rebuilt over the years, the improvements are stick-built with steel joist roof, brick façade and metal cladding. The Property is sold as-is and there is an observable sinkhole in the concrete paved drive through lane of the building. The Property is positioned on a corner parcel at a signalized intersection and offers favorable flexible zoning allowing for a variety of retail uses. The Property is located a rural area within the City of Pineland, Sabine County, Texas. This former Dairy Queen is positioned across from a Dollar General store and the neighborhood is developed with residential development, local retail sites, offices, and industrial/flex assets. The Property offers easy access provided via two ingress/egress curb cuts - located along US Highway 96 N, one of the primary traffic carriers for the area with +3,608 vehicles passing the site daily. The Property offers convenient access to the greater area and is ideally positioned at the intersection of two major area highways (HWY-96 and Timberland Hwy/FM-83) which offers easy accessibility to the greater area. The Properly is located in the Piney Woods region of East Texas just +20-min north of Jasper and +50-min east of Lufkin, TX. The Property is strategically positioned within a half mile of West Sabine High School and is just +1-mi from the area's largest employer, Temple-Inland Forest Products. This former Dairy Queen serves an expanded 10-mile trade area with +5,510 individuals with an AHHI of =$58,696.

Investment Highlights

  • Freestanding Former Dairy Queen Available at Significant Discount Below Replacement Cost
  • Positioned on a Hard Corner; Suitable for a Variety of General Commercial Uses
  • Convenient Accessibility and Excellent Visibility with Frontage on US-96 with traffic counts of ±3,608 VPD
  • Absolute $1 Auction – First Bid Meets Reserve

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Vacant-User

$1 Auction | Former Dairy Queen – Pineland, TX

Listing Price: $1

Gross SF
2,080
Rentable SF
2,080
Lot Size
0.52 acres
Year Built
1976

Investment Highlights

  • Freestanding Former Dairy Queen Available at Significant Discount Below Replacement Cost
  • Positioned on a Hard Corner; Suitable for a Variety of General Commercial Uses
  • Convenient Accessibility and Excellent Visibility with Frontage on US-96 with traffic counts of ±3,608 VPD
  • Absolute $1 Auction – First Bid Meets Reserve

Investment Overview

Register to Bid and Access Due Diligence Documents on RI Marketplace Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing, retail building located at 100 US Highway 96 N in Pineland, Sabine County, Texas (the "Property"). The Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount. Positioned on a hard corner with ±0.516 acres of land, the Property offers abundant parking and is comprised of a one-story, free-standing building totaling ±2,080 square feet. The Property was formerly occupied by Dairy Queen on a triple net lease at a rental rate and offers potential investors the ability to acquire a free-standing retail building with significant value add through long term lease up, adaptive reuse, or repositioning. Originally built in 1976 and completely rebuilt over the years, the improvements are stick-built with steel joist roof, brick façade and metal cladding. The Property is sold as-is and there is an observable sinkhole in the concrete paved drive through lane of the building. The Property is positioned on a corner parcel at a signalized intersection and offers favorable flexible zoning allowing for a variety of retail uses. The Property is located a rural area within the City of Pineland, Sabine County, Texas. This former Dairy Queen is positioned across from a Dollar General store and the neighborhood is developed with residential development, local retail sites, offices, and industrial/flex assets. The Property offers easy access provided via two ingress/egress curb cuts - located along US Highway 96 N, one of the primary traffic carriers for the area with +3,608 vehicles passing the site daily. The Property offers convenient access to the greater area and is ideally positioned at the intersection of two major area highways (HWY-96 and Timberland Hwy/FM-83) which offers easy accessibility to the greater area. The Properly is located in the Piney Woods region of East Texas just +20-min north of Jasper and +50-min east of Lufkin, TX. The Property is strategically positioned within a half mile of West Sabine High School and is just +1-mi from the area's largest employer, Temple-Inland Forest Products. This former Dairy Queen serves an expanded 10-mile trade area with +5,510 individuals with an AHHI of =$58,696.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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