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Discount

Family Dollar

402 S Texas Ave, Mercedes, TX 78570

Listing Price: $543,000

Cap Rate
7.02%
Tenant Name
Family Dollar
Years Remaining On Lease
5.1
Guarantor
Corporate Guarantee
Rentable SF
10,242
Lease Type
Double Net
Rent Per Square Feet
$3.72

Investment Overview

Offered for sale is the opportunity to acquire a double net lease Family Dollar in Mercedes, Texas. The property consists of an 10,242-square-foot, freestanding building that sits on approximately 0.28 acres of land. There are approximately 5.2 years remaining on the current lease term. Family Dollar has operated at this site for 29 years and exercised their latest option in 2023.

Investment Highlights

  • Double-Net Lease with 5.8 Years Remaining
  • Tenant has Operated at this Site for 29 Years and Exercised their Latest Option this Year
  • More than 179,503 Residents Within a Ten-Mile Radius
  • Healthy Rent-to-Sales Ratio
  • Four Miles to Rio Grande Valley Premium Outlets (604,000-SF of Retail)
  • Ten Miles to the Progreso International Bridge
  • McAllen-Edinburg-Mission MSA Location - 5th Largest MSA in Texas
  • Easy Access to U.S. Highway 83, Where Traffic Counts Exceed 62,525 VPD

Exclusively Listed By

Financing By

Discount

Family Dollar

Listing Price: $543,000

Cap Rate
7.02%
Tenant Name
Family Dollar
Years Remaining On Lease
5.1
Guarantor
Corporate Guarantee
Rentable SF
10,242
Lease Type
Double Net
Rent Per Square Feet
$3.72

Investment Highlights

  • Double-Net Lease with 5.8 Years Remaining
  • Tenant has Operated at this Site for 29 Years and Exercised their Latest Option this Year
  • More than 179,503 Residents Within a Ten-Mile Radius
  • Healthy Rent-to-Sales Ratio
  • Four Miles to Rio Grande Valley Premium Outlets (604,000-SF of Retail)
  • Ten Miles to the Progreso International Bridge
  • McAllen-Edinburg-Mission MSA Location - 5th Largest MSA in Texas
  • Easy Access to U.S. Highway 83, Where Traffic Counts Exceed 62,525 VPD

Investment Overview

Offered for sale is the opportunity to acquire a double net lease Family Dollar in Mercedes, Texas. The property consists of an 10,242-square-foot, freestanding building that sits on approximately 0.28 acres of land. There are approximately 5.2 years remaining on the current lease term. Family Dollar has operated at this site for 29 years and exercised their latest option in 2023.

Exclusively Listed By

Financing By

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