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Family Dollar (Absolute NNN)

34900 US-96, Buna, TX 77612

Listing Price: $1,425,000

Cap Rate
7.76%
Tenant Name
Family Dollar
Years Remaining On Lease
0.3
Guarantor
Corporate Guarantee
Rentable SF
8,424
Lease Type
Absolute Net
Rent Per Square Feet
$13.13

Investment Overview

Rare Absolute NNN Family Dollar with no landlord responsibilities. This corporate guaranteed lease has 6.4 years remaining on the base term with six 5-year option periods. The building was built-to-suit in 2015 and sits on a 1.08 acre parcel. The site is located on U.S. Highway 96 which averages over 14,900 daily traffic counts. Family Dollar is directly adjacent Sonic Drive-In and Valero Gas, across from Papa Johns Pizza. Average household income exceeds $68,000 (5-mile). Population is trending upwards with a projected growth rate of nearly 4% in the next four years. Dollar Tree bought Family Dollar in 2015 for $8.5 billion growing the company's total locations to over 16,000.

Investment Highlights

  • Rare Absolute NNN Family Dollar
  • Corporate Guaranteed Lease - 6.4 Years Remaining
  • Built-to-Suit in 2015

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Discount

Family Dollar (Absolute NNN)

Listing Price: $1,425,000

Cap Rate
7.76%
Tenant Name
Family Dollar
Years Remaining On Lease
0.3
Guarantor
Corporate Guarantee
Rentable SF
8,424
Lease Type
Absolute Net
Rent Per Square Feet
$13.13

Investment Highlights

  • Rare Absolute NNN Family Dollar
  • Corporate Guaranteed Lease - 6.4 Years Remaining
  • Built-to-Suit in 2015

Investment Overview

Rare Absolute NNN Family Dollar with no landlord responsibilities. This corporate guaranteed lease has 6.4 years remaining on the base term with six 5-year option periods. The building was built-to-suit in 2015 and sits on a 1.08 acre parcel. The site is located on U.S. Highway 96 which averages over 14,900 daily traffic counts. Family Dollar is directly adjacent Sonic Drive-In and Valero Gas, across from Papa Johns Pizza. Average household income exceeds $68,000 (5-mile). Population is trending upwards with a projected growth rate of nearly 4% in the next four years. Dollar Tree bought Family Dollar in 2015 for $8.5 billion growing the company's total locations to over 16,000.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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