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Drug Store

Dark Family Dollar Center Point TX

5881 TX-27, Center Point, TX 78010

Listing Price: $1,051,738

Cap Rate
8.80%
Tenant Name
Family Dollar
Years Remaining On Lease
6.4
Gross SF
8,353
Guarantor
Corporate Guarantee
Rentable SF
8,353
Price/Gross SF
$125.91
Lease Type
Absolute Net
Rent Per Square Feet
$11.08

Investment Overview

Marcus and Millichap is pleased to present for sale this Dark Family Dollar in Center Point Texas. Family Dollar is still paying and guaranteeing the rent and handling all responsibilities on the asset, providing owners 6.5 years of guaranteed income giving ample time to add value to the property and cashflow.

Investment Highlights

  • Owner-User, Development, & Value Add Opportunity With 6.5 years remaining, investors get the benefit of substantial cashflow while they work to improve the asset in the future.
  • Rare Increase to Rent At year 11 of lease (next year) the rent shall increase by 10% significantly increasing return for an investor over the remaining base term.
  • Attractive Cash Flow Asset available at a competitive cap rate with income guaranteed by Family Dollar Corporate
  • Absolute NNN Lease Landlord to benefit from fully passive ownership structure

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Drug Store

Dark Family Dollar Center Point TX

Listing Price: $1,051,738

Cap Rate
8.80%
Tenant Name
Family Dollar
Years Remaining On Lease
6.4
Gross SF
8,353
Guarantor
Corporate Guarantee
Rentable SF
8,353
Price/Gross SF
$125.91
Lease Type
Absolute Net
Rent Per Square Feet
$11.08

Investment Highlights

  • Owner-User, Development, & Value Add Opportunity With 6.5 years remaining, investors get the benefit of substantial cashflow while they work to improve the asset in the future.
  • Rare Increase to Rent At year 11 of lease (next year) the rent shall increase by 10% significantly increasing return for an investor over the remaining base term.
  • Attractive Cash Flow Asset available at a competitive cap rate with income guaranteed by Family Dollar Corporate
  • Absolute NNN Lease Landlord to benefit from fully passive ownership structure

Investment Overview

Marcus and Millichap is pleased to present for sale this Dark Family Dollar in Center Point Texas. Family Dollar is still paying and guaranteeing the rent and handling all responsibilities on the asset, providing owners 6.5 years of guaranteed income giving ample time to add value to the property and cashflow.

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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