Discount
Family Dollar
402 S Texas Ave, Mercedes, TX 78570
Listing Price: $543,000
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.
Family Dollar
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
Listing Price: $543,000
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
