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Shopping Strip

EZ Pawn - Family Dollar

10025 Royal Ln, Dallas, TX 75238

Listing Price: $4,939,000

Cap Rate
6.00%
Gross SF
22,054
Rentable SF
22,054
Price/Gross SF
$223.95
Lot Size
2.75 acres
Year Built
1971

Investment Overview

The subject property is a 22,054-square-foot, two-tenant retail center leased to EZ Pawn and Family Dollar located in Dallas, Texas. A one acre parcel is also available for purchase along with the subject property for an additional $500,000. Both EZ Pawn and Family Dollar are long-term leases with scheduled rent increases during the primary term. The leases also include two five-year options for renewal with scheduled rent escalations at the beginning of each option period. Upside potential available to investor to convert the pad site adjacent to EZ Pawn to a single-tenant user. The building was constructed in 1971, renovated in 2000, and is situated on a 2.75-acre parcel with ample paved parking. Recent improvements reported by seller include a new roof installed in 2022 with a transferrable roof warranty. EZ Pawn & Family Dollar is located near the signalized, hard corner of Royal Lane and Audelia Road, with multiple ingress and egress points from each road. Cumulative traffic counts are 36,583 vehicles per day. The subject property is less than one mile west of Interstate 635, which enjoys high traffic counts of approximately 164,918 vehicles per day. Neighboring national and regional retailers include Tom Thumb, Metro by T-Mobile, CiCi's Pizza, Mint Dentistry, QuikTrip, Taco Bell, McDonalds, Whataburger, Chick-Fil-A, Dollar Tree, CVS Pharmacy, KFC, and many others. Several school campuses are in close proximity, providing additional traffic to the area. The surrounding property is densely populated with more than 405,350 residents within a five-mile radius. Daytime employment is approximately 215,162 people.

Investment Highlights

  • 22,054-square-foot, Two-Tenant Retail Center | Both National Credit Tenants | Publicly Traded Companies (EZPW: NASDAQ and FDO: NYSE)
  • 1 Acre Pad Site For Sale Along with Subject Property for an Additional $500,000
  • EZ Pawn Occupies 55% of the Gross Leasable Area | NNN Lease | Current Term has Nine Years Remaining with a Scheduled Rent Increase
  • Family Dollar Occupies 45% of the Gross Leasable Area | Six Years Remaining with a Scheduled Rent Increase | Top Performing Family Dollar Store | This Location Ranks in the 89% Percentile for the State of Texas Compared to Other Family Dollar Stores (source: Placer Labs Inc.)
  • Recent Property Improvements Reported by Seller Include a New Roof Installed in 2022 with Transferrable Warranty

Exclusively Listed By

Shopping Strip

EZ Pawn - Family Dollar

Listing Price: $4,939,000

Cap Rate
6.00%
Gross SF
22,054
Rentable SF
22,054
Price/Gross SF
$223.95
Lot Size
2.75 acres
Year Built
1971

Investment Highlights

  • 22,054-square-foot, Two-Tenant Retail Center | Both National Credit Tenants | Publicly Traded Companies (EZPW: NASDAQ and FDO: NYSE)
  • 1 Acre Pad Site For Sale Along with Subject Property for an Additional $500,000
  • EZ Pawn Occupies 55% of the Gross Leasable Area | NNN Lease | Current Term has Nine Years Remaining with a Scheduled Rent Increase
  • Family Dollar Occupies 45% of the Gross Leasable Area | Six Years Remaining with a Scheduled Rent Increase | Top Performing Family Dollar Store | This Location Ranks in the 89% Percentile for the State of Texas Compared to Other Family Dollar Stores (source: Placer Labs Inc.)
  • Recent Property Improvements Reported by Seller Include a New Roof Installed in 2022 with Transferrable Warranty

Investment Overview

The subject property is a 22,054-square-foot, two-tenant retail center leased to EZ Pawn and Family Dollar located in Dallas, Texas. A one acre parcel is also available for purchase along with the subject property for an additional $500,000. Both EZ Pawn and Family Dollar are long-term leases with scheduled rent increases during the primary term. The leases also include two five-year options for renewal with scheduled rent escalations at the beginning of each option period. Upside potential available to investor to convert the pad site adjacent to EZ Pawn to a single-tenant user. The building was constructed in 1971, renovated in 2000, and is situated on a 2.75-acre parcel with ample paved parking. Recent improvements reported by seller include a new roof installed in 2022 with a transferrable roof warranty. EZ Pawn & Family Dollar is located near the signalized, hard corner of Royal Lane and Audelia Road, with multiple ingress and egress points from each road. Cumulative traffic counts are 36,583 vehicles per day. The subject property is less than one mile west of Interstate 635, which enjoys high traffic counts of approximately 164,918 vehicles per day. Neighboring national and regional retailers include Tom Thumb, Metro by T-Mobile, CiCi's Pizza, Mint Dentistry, QuikTrip, Taco Bell, McDonalds, Whataburger, Chick-Fil-A, Dollar Tree, CVS Pharmacy, KFC, and many others. Several school campuses are in close proximity, providing additional traffic to the area. The surrounding property is densely populated with more than 405,350 residents within a five-mile radius. Daytime employment is approximately 215,162 people.

Exclusively Listed By

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