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Miscellaneous

Family Dollar & Cricket Wireless

1200 W Walker St, Breckenridge, TX 76424

Listing Price: $1,100,000

Cap Rate
6.85%
Tenant Name
Family Dollar and Cricket Wireless
Years Remaining On Lease
4.6
Gross SF
9,350
Guarantor
Corporate Guarantee
Rentable SF
9,350
Price/Gross SF
$117.65
Lease Type
Double Net
Rent Per Square Feet
$8.05

Investment Overview

The subject offering is a two building, two tenant, net leased property located in Breckenridge, TX. Family Dollar (NASDAQ: DLTR) has occupied this free-standing 8,000 sq ft building since it was built in 2001. With minimal Landlord responsibilities, the pitched metal roof was renovated in 2021. Family Dollar recently demonstrated their commitment to this location by executing a five-year extension which commenced in January of 2022. Cricket Wireless has occupied the second free-standing 1,350 sq ft building since it was built in 2017. Cricket Wireless is an American wireless service provider, owned by AT&T. It provides wireless services to ten million subscribers in the United States. This two building offering provides a strong investment with a highly sought-after tenant.

Investment Highlights

  • Income Tax Free State
  • Strong Dollar Store Demographics
  • Located on Main Retail Cooridor
  • Family Dollar: - Recent Lease Extension - Roof Renovated in 2021 - 10% Increase in Options
  • Cricket Wireless: - Built in 2017 - 2% Annual Rent Increases

Exclusively Listed By

Miscellaneous

Family Dollar & Cricket Wireless

Listing Price: $1,100,000

Cap Rate
6.85%
Tenant Name
Family Dollar and Cricket Wireless
Years Remaining On Lease
4.6
Gross SF
9,350
Guarantor
Corporate Guarantee
Rentable SF
9,350
Price/Gross SF
$117.65
Lease Type
Double Net
Rent Per Square Feet
$8.05

Investment Highlights

  • Income Tax Free State
  • Strong Dollar Store Demographics
  • Located on Main Retail Cooridor
  • Family Dollar: - Recent Lease Extension - Roof Renovated in 2021 - 10% Increase in Options
  • Cricket Wireless: - Built in 2017 - 2% Annual Rent Increases

Investment Overview

The subject offering is a two building, two tenant, net leased property located in Breckenridge, TX. Family Dollar (NASDAQ: DLTR) has occupied this free-standing 8,000 sq ft building since it was built in 2001. With minimal Landlord responsibilities, the pitched metal roof was renovated in 2021. Family Dollar recently demonstrated their commitment to this location by executing a five-year extension which commenced in January of 2022. Cricket Wireless has occupied the second free-standing 1,350 sq ft building since it was built in 2017. Cricket Wireless is an American wireless service provider, owned by AT&T. It provides wireless services to ten million subscribers in the United States. This two building offering provides a strong investment with a highly sought-after tenant.

Exclusively Listed By

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