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Family Dollar Tree (Combo Store) | Brand New 10-Yr Corporate Lease

1182 E Main St, Itasca, TX 76055

Listing Price: $1,733,000

Cap Rate
6.35%
Tenant Name
Family Dollar Stores of Texas, LLC
Years Remaining On Lease
10.2
Gross SF
110,040
Guarantor
Corporate Guarantee
Rentable SF
110,040
Price/Gross SF
$15.75
Lease Type
Double Net
Rent Per Square Feet
$1.00

Investment Overview

Marcus & Millichap is pleased to present for sale Family Dollar Tree in Itasca, Texas. Ranked 137 on the Fortune 500 list, Dollar Tree, Inc. is comprised of two iconic brands – Dollar Tree and Family Dollar – delivering value and convenience through complementary businesses. Serving North America for more than 63 years, Dollar Tree, Inc. provides customers with quality merchandise, amazing values, convenience, and a fun shopping experience. The Company operates over 16,000 stores in 48 U.S. states and five Canadian provinces, supported by more than 200,000 associates. Itasca is a city in Hill County in Northern Central Texas, home to an estimated 1,800 residents. The city is centrally located in between Fort Worth and Waco, and lies an hour’s drive from Dallas/Fort Worth International Airport. Hill County is well connected to the rest of the state via several state highways and the I-35 freeway. Hillsboro, the county seat, is home to over 8,000 residents.

Investment Highlights

  • Brand New 10-Year Corporate Lease - Family Dollar and Dollar Tree Combo Store
  • Rental Increases Occurring in Each Renewal Option Period
  • New High Quality 2023 Construction with a Concrete Parking Lot
  • Family Dollar / Dollar Tree Combo Stores Average 20 Percent More in Sales than Traditional Family Dollar Locations
  • Situated Along Itasca's Primary Thoroughfare with Immediate Access to I-35W (Over 37,300 Cars per Day), Providing a Direct Route North to Dallas/Fort Worth and South to Waco
  • 15 Minutes North of Hillsboro - Home to Hill College, Hill Regional Hospital, and a Dense Retail Corridor (Walmart, Tractor Supply Co, McDonald's, Whataburger, and More)
  • Adjacent to Dollar General and Sonic Drive-In
  • Average Household Income Exceeds $78,000 Within a Ten-Mile Radius

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Discount

Family Dollar Tree (Combo Store) | Brand New 10-Yr Corporate Lease

Listing Price: $1,733,000

Cap Rate
6.35%
Tenant Name
Family Dollar Stores of Texas, LLC
Years Remaining On Lease
10.2
Gross SF
110,040
Guarantor
Corporate Guarantee
Rentable SF
110,040
Price/Gross SF
$15.75
Lease Type
Double Net
Rent Per Square Feet
$1.00

Investment Highlights

  • Brand New 10-Year Corporate Lease - Family Dollar and Dollar Tree Combo Store
  • Rental Increases Occurring in Each Renewal Option Period
  • New High Quality 2023 Construction with a Concrete Parking Lot
  • Family Dollar / Dollar Tree Combo Stores Average 20 Percent More in Sales than Traditional Family Dollar Locations
  • Situated Along Itasca's Primary Thoroughfare with Immediate Access to I-35W (Over 37,300 Cars per Day), Providing a Direct Route North to Dallas/Fort Worth and South to Waco
  • 15 Minutes North of Hillsboro - Home to Hill College, Hill Regional Hospital, and a Dense Retail Corridor (Walmart, Tractor Supply Co, McDonald's, Whataburger, and More)
  • Adjacent to Dollar General and Sonic Drive-In
  • Average Household Income Exceeds $78,000 Within a Ten-Mile Radius

Investment Overview

Marcus & Millichap is pleased to present for sale Family Dollar Tree in Itasca, Texas. Ranked 137 on the Fortune 500 list, Dollar Tree, Inc. is comprised of two iconic brands – Dollar Tree and Family Dollar – delivering value and convenience through complementary businesses. Serving North America for more than 63 years, Dollar Tree, Inc. provides customers with quality merchandise, amazing values, convenience, and a fun shopping experience. The Company operates over 16,000 stores in 48 U.S. states and five Canadian provinces, supported by more than 200,000 associates. Itasca is a city in Hill County in Northern Central Texas, home to an estimated 1,800 residents. The city is centrally located in between Fort Worth and Waco, and lies an hour’s drive from Dallas/Fort Worth International Airport. Hill County is well connected to the rest of the state via several state highways and the I-35 freeway. Hillsboro, the county seat, is home to over 8,000 residents.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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