Discount

Family Dollar | New Construction

16315 TX-124, Beaumont, TX 77705

Listing Price: $1,500,000

Cap Rate
7.00%
Tenant Name
Family Dollar
Years Remaining On Lease
10.30
Gross SF
10,500
Guarantor
Corporate Guarantee
Rentable SF
10,500
Price/Gross SF
$142.86
Lease Type
Double Net
Rent Per Square Feet
$10.00

Investment Overview

The subject property is a brand new Family Dollar store located in Beaumont, TX. Ideally located on Highway 124, this store will benefit from the excellent visibility to the daily traffic of 7,009, and is easily accessible via Interstate-10 which boasts over 45,986 vehicles per day. Family Dollar is signed to a brand new 10-year NN lease that is estimated to commence in February of 2021. Rent is scheduled to increase every 5 years, beginning in year 11.

Investment Highlights

  • BRAND NEW CONSTRUCTION | PROJECTED FEBRUARY, 2021 COMPLETION
  • TENANT INCREASED BUILDING SIZE MID-CONTRUCTION | EXCELLENT SIGN OFSTOE EXPECTATIONS
  • BRAND NEW 10-YEAR NN LEASE | MINIMAL LANDLORD EXPENSES
  • FRONTAGE AND VISIBILITY ON HIGHWAY 124 | 7,009 VPD
  • APPROXIMATELY 1.5 MILES FROM INTERSTATE-10 | 45,986 VPD
  • LEASE GUARANTY FROM FAMILY DOLLAR STORES, INC.

Exclusively Listed By

  • Robby Pfeiffer

    Senior Vice President Investments

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 0432723

    Texas

Discount

Family Dollar | New Construction

Listing Price: $1,500,000

Cap Rate
7.00%
Tenant Name
Family Dollar
Years Remaining On Lease
10.30
Gross SF
10,500
Guarantor
Corporate Guarantee
Rentable SF
10,500
Price/Gross SF
$142.86
Lease Type
Double Net
Rent Per Square Feet
$10.00

Investment Highlights

  • BRAND NEW CONSTRUCTION | PROJECTED FEBRUARY, 2021 COMPLETION
  • TENANT INCREASED BUILDING SIZE MID-CONTRUCTION | EXCELLENT SIGN OFSTOE EXPECTATIONS
  • BRAND NEW 10-YEAR NN LEASE | MINIMAL LANDLORD EXPENSES
  • FRONTAGE AND VISIBILITY ON HIGHWAY 124 | 7,009 VPD
  • APPROXIMATELY 1.5 MILES FROM INTERSTATE-10 | 45,986 VPD
  • LEASE GUARANTY FROM FAMILY DOLLAR STORES, INC.

Investment Overview

The subject property is a brand new Family Dollar store located in Beaumont, TX. Ideally located on Highway 124, this store will benefit from the excellent visibility to the daily traffic of 7,009, and is easily accessible via Interstate-10 which boasts over 45,986 vehicles per day. Family Dollar is signed to a brand new 10-year NN lease that is estimated to commence in February of 2021. Rent is scheduled to increase every 5 years, beginning in year 11.

Exclusively Listed By

  • Robby Pfeiffer

    Senior Vice President Investments

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 0432723

    Texas

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