Discount
Family Dollar - Telephone Road
5010 Telephone Rd, Houston, TX 77087
Listing Price: $995,000
Investment Overview
Marcus & Millichap is pleased to exclusively list for sale a freestanding triple-net Family Dollar, located at 5010 Telephone Road, Houston, TX 77087. Family Dollar has 3.3 years left remaining on the current lease term with five five-year options remaining. The offering is priced at $995,000, which is a day one cap rate of 6.53 percent and $124.69 per square foot to the building (below replacement cost). The 7,980-square-foot building is situated on approximately 0.71 acres at the soft-corner of Gammage Street and Telephone Road (20,000 vehicles per day) in a dense residential area. The property has 132 feet of frontage on Telephone Road and 176 feet of frontage on Gammage Road with multiple access points and parking in the front and rear of the building. The subject property benefits from its proximity to Houston’s Hobby International Airport, Gulfgate and Almeda Malls, as well as from the immediate area’s numerous business and residential areas. Tenant is responsible for CAM, Insurance, and Taxes. Landlord is responsible for roof and structure. Please see the Landlord/Tenant Responsibilities page of the Offering Memorandum for more details
Family Dollar - Telephone Road
Investment Highlights
- Priced Below Replacement Cost: $124.69 Per Square Foot
- 6.53% Cap Rate Day One With Increases in Option Periods
- Approximately 20,000 Vehicles Per Day
- Located at the Soft-Corner of Telephone Road and Gammage Street
- Surrounded By Dense Residential and Commercial With Little to No Developable Land Available
Exclusively Listed By
Financing By
Listing Price: $995,000
Investment Highlights
- Priced Below Replacement Cost: $124.69 Per Square Foot
- 6.53% Cap Rate Day One With Increases in Option Periods
- Approximately 20,000 Vehicles Per Day
- Located at the Soft-Corner of Telephone Road and Gammage Street
- Surrounded By Dense Residential and Commercial With Little to No Developable Land Available
Investment Overview
Marcus & Millichap is pleased to exclusively list for sale a freestanding triple-net Family Dollar, located at 5010 Telephone Road, Houston, TX 77087. Family Dollar has 3.3 years left remaining on the current lease term with five five-year options remaining. The offering is priced at $995,000, which is a day one cap rate of 6.53 percent and $124.69 per square foot to the building (below replacement cost). The 7,980-square-foot building is situated on approximately 0.71 acres at the soft-corner of Gammage Street and Telephone Road (20,000 vehicles per day) in a dense residential area. The property has 132 feet of frontage on Telephone Road and 176 feet of frontage on Gammage Road with multiple access points and parking in the front and rear of the building. The subject property benefits from its proximity to Houston’s Hobby International Airport, Gulfgate and Almeda Malls, as well as from the immediate area’s numerous business and residential areas. Tenant is responsible for CAM, Insurance, and Taxes. Landlord is responsible for roof and structure. Please see the Landlord/Tenant Responsibilities page of the Offering Memorandum for more details
Exclusively Listed By
Financing By
