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Family Dollar

8513 McCart Ave, Fort Worth, TX 76123

Listing Price: $1,959,000

Cap Rate
7.15%
Tenant Name
Family Dollar
Years Remaining On Lease
5.0
Gross SF
8,320
Guarantor
Corporate Guarantee
Rentable SF
8,320
Price/Gross SF
$235.46
Lease Type
Double Net
Rent Per Square Feet
$16.83

Investment Overview

Family Dollar recently exercised their first option without any attempted negotiation or request for concessions, demonstrating their commitment to this site. They have operated at this location since 2011 and there is approximately five years remaining on the current lease term. Family Dollar has four, five-year options remaining, each with 10 percent rental escalations. The property has excellent access and visibility on McCart Avenue, where traffic counts exceed 18,629 vehicles per day. The area is extremely dense with more than 208,483 residents within a five-mile radius. The city of Fort Worth passed an amendment to the city’s zoning ordinance in 2019, to prevent new dollar stores from opening within two miles of an existing one. Any new dollar store would also have to devote at least 15 percent of floor space to fresh foods.

Investment Highlights

  • Dense Residential Area With Seven Schools Within a Two-Mile Radius
  • Family Dollar Recently Exercised Their First Option Without Any Attempted Negotiation or Request for Concessions
  • Limited Future Competition - Fort Worth Zoning Requirements Don't Allow fo the Construction of New Dollar Stores Within a 2-Mile Radius of Existing Stores
  • Excellent Access and Visibility on McCart Avenue, Where Traffic Counts Exceed 18,629 Vehicles per Day
  • More Than 208,483 Residents Within a Five-Mile Radius
  • Large 1.70 Acre Parcel with Ample Parking and Multiple Access Points

Exclusively Listed By

Financing By

Listing Price: $1,959,000

Cap Rate
7.15%
Tenant Name
Family Dollar
Years Remaining On Lease
5.0
Gross SF
8,320
Guarantor
Corporate Guarantee
Rentable SF
8,320
Price/Gross SF
$235.46
Lease Type
Double Net
Rent Per Square Feet
$16.83

Investment Highlights

  • Dense Residential Area With Seven Schools Within a Two-Mile Radius
  • Family Dollar Recently Exercised Their First Option Without Any Attempted Negotiation or Request for Concessions
  • Limited Future Competition - Fort Worth Zoning Requirements Don't Allow fo the Construction of New Dollar Stores Within a 2-Mile Radius of Existing Stores
  • Excellent Access and Visibility on McCart Avenue, Where Traffic Counts Exceed 18,629 Vehicles per Day
  • More Than 208,483 Residents Within a Five-Mile Radius
  • Large 1.70 Acre Parcel with Ample Parking and Multiple Access Points

Investment Overview

Family Dollar recently exercised their first option without any attempted negotiation or request for concessions, demonstrating their commitment to this site. They have operated at this location since 2011 and there is approximately five years remaining on the current lease term. Family Dollar has four, five-year options remaining, each with 10 percent rental escalations. The property has excellent access and visibility on McCart Avenue, where traffic counts exceed 18,629 vehicles per day. The area is extremely dense with more than 208,483 residents within a five-mile radius. The city of Fort Worth passed an amendment to the city’s zoning ordinance in 2019, to prevent new dollar stores from opening within two miles of an existing one. Any new dollar store would also have to devote at least 15 percent of floor space to fresh foods.

Exclusively Listed By

Financing By

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