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Shopping Community

Family Dollar Retail Center

425 S Carroll St, Athens, TX 75751

Listing Price: $1,600,000

Cap Rate
6.85%
Gross SF
16,800
Rentable SF
16,800
Price/Gross SF
$95.24
Lot Size
3.59 acres
Year Built
1989

Investment Overview

Marcus & Millichap is pleased to exclusively present the Family Dollar Retail Center located at 425 S Carroll Street in Athens, Texas. The subject property is a total of 16,800 square feet, divided into three suites, and is situated on 3.74 acres. The shopping center is 100% occupied by Family Dollar, I AM Dance, and A.T. Staffing. Family Dollar has been a tenant at the property since 1998, with renewal options coming up. The Family Dollar lease is NNN and also features percentage rent. I AM Dance is a popular community-servicing dance studio, who has been a tenant at the subject property since 2016. The newest tenant, A.T. Staffing, is a local staffing company specialized in nursing, office clerical, and light industrial careers and has been in business since 1969. The subject property features a strong mix of community-driven retail tenants to service the immediate market. The city of Athens, Texas is also known as the "Black-Eyed Pea Capital of the World" and is one of the first "Certified Retirement Communities" in Texas. The features a population of 12,857 residents and is situated along Interstate-175, approximately 68 miles from the city of Dallas, Texas and 36 miles from Tyler, Texas. Attractions include the East Texas Arboretum, a public lake with the largest freshwater fish hatchery run by Texas Parks and Wildlife, and many more. The UTHealth Athens campus is located just 2.3 miles from the subject property, with a number of additional specialized offices located within close proximity. Athens is also home to Trinity Valley Community College, which was founded in 1946. The average household income exceeds $70,000 within a one-mile radius of the subject property. Overall, the Family Dollar Retail Center features a strong mix of community-servicing essential and experiential retail tenants. This stabilized retail investment opportunity also features a value-add potential with the renewal of the Family Dollar lease and I AM Dance. The subject property is also situated on a combined 3.74-acre site, allowing for the potential of future development opportunities in the centralized location.

Investment Highlights

  • 100% Occupied Community Shopping Center Anchored by Family Dollar
  • 16,800-SF Retail Center | Situated on 3.74-AC | Three Suites | Pylon Signage
  • Family Dollar Has Been a Tenant Since 1998 | Featuring a NNN Lease with Percentage Rent
  • Two Additional Tenants Include a Popular Local Dance Studio and Staffing Agency

Exclusively Listed By

Financing By

Shopping Community

Family Dollar Retail Center

Listing Price: $1,600,000

Cap Rate
6.85%
Gross SF
16,800
Rentable SF
16,800
Price/Gross SF
$95.24
Lot Size
3.59 acres
Year Built
1989

Investment Highlights

  • 100% Occupied Community Shopping Center Anchored by Family Dollar
  • 16,800-SF Retail Center | Situated on 3.74-AC | Three Suites | Pylon Signage
  • Family Dollar Has Been a Tenant Since 1998 | Featuring a NNN Lease with Percentage Rent
  • Two Additional Tenants Include a Popular Local Dance Studio and Staffing Agency

Investment Overview

Marcus & Millichap is pleased to exclusively present the Family Dollar Retail Center located at 425 S Carroll Street in Athens, Texas. The subject property is a total of 16,800 square feet, divided into three suites, and is situated on 3.74 acres. The shopping center is 100% occupied by Family Dollar, I AM Dance, and A.T. Staffing. Family Dollar has been a tenant at the property since 1998, with renewal options coming up. The Family Dollar lease is NNN and also features percentage rent. I AM Dance is a popular community-servicing dance studio, who has been a tenant at the subject property since 2016. The newest tenant, A.T. Staffing, is a local staffing company specialized in nursing, office clerical, and light industrial careers and has been in business since 1969. The subject property features a strong mix of community-driven retail tenants to service the immediate market. The city of Athens, Texas is also known as the "Black-Eyed Pea Capital of the World" and is one of the first "Certified Retirement Communities" in Texas. The features a population of 12,857 residents and is situated along Interstate-175, approximately 68 miles from the city of Dallas, Texas and 36 miles from Tyler, Texas. Attractions include the East Texas Arboretum, a public lake with the largest freshwater fish hatchery run by Texas Parks and Wildlife, and many more. The UTHealth Athens campus is located just 2.3 miles from the subject property, with a number of additional specialized offices located within close proximity. Athens is also home to Trinity Valley Community College, which was founded in 1946. The average household income exceeds $70,000 within a one-mile radius of the subject property. Overall, the Family Dollar Retail Center features a strong mix of community-servicing essential and experiential retail tenants. This stabilized retail investment opportunity also features a value-add potential with the renewal of the Family Dollar lease and I AM Dance. The subject property is also situated on a combined 3.74-acre site, allowing for the potential of future development opportunities in the centralized location.

Exclusively Listed By

Financing By

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