Discount

Family Dollar

Listing Price: $1,240,000

Cap Rate
7.75%
Tenant Name
Family Dollar
Years Remaining On Lease
2.00
Gross SF
9,042
Guarantor
Corporate Guarantee
Rentable SF
9,042
Price/Gross SF
$137.14
Lease Type
Double Net
Rent Per Square Feet
$10.62

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Family Dollar in Port Arthur, Texas. The property consists of a 9,042-square foot, freestanding building that sits on approximately 0.93 acres of land. There are approximately 2.1 years remaining on the current lease term, with 10 percent rental escalations scheduled every five years in the options. Family Dollar renovated the store in 2020, adding new ceiling and flooring tiles, signage, parking lot lighting and outdoor seating. The property is located at the signalized hard corner of Gulfway Drive and 9th Avenue, where combined traffic counts exceed 21,835 vehicles per day. The area is extremely dense with more than 99,815 residents within a seven-mile radius. The subject property is surrounded by multiple oil refineries including Motiva Enterprises (largest refinery in North America), Valero and BASF Corporation. Motiva is undertaking a $10 billion addition to its western Port Arthur refinery, expanding capacity to 600,000 barrels per day. Valero also completed a $775 million expansion of its petrochemical plant recently. These operations are supported by the Port of Port Arthur, one of Texas’ leading seaports.

Investment Highlights

  • Family Dollar has Operated at this Location for 18+ Years
  • 2020 Renovations Include New Ceiling and Floor Tiles, Signage, Parking Lot Lighting and Outdoor Seating
  • Signalized Hard Corner Location on Gulfway Drive and 9th Avenue; Combined Traffic Counts Exceed 21,835 Vehicles per Day
  • 3 Miles From Motiva Enterprises Facility, the Largest Oil Refinery in North America, Which is Undergoing a $10 Billion Expansion to Increase its Capacity to 600,000 Barrels per Day
  • More Than 99,815 Residents Within a Seven-Mile Radius

Exclusively Listed By

Listing Price: $1,240,000

Cap Rate
7.75%
Tenant Name
Family Dollar
Years Remaining On Lease
2.00
Gross SF
9,042
Guarantor
Corporate Guarantee
Rentable SF
9,042
Price/Gross SF
$137.14
Lease Type
Double Net
Rent Per Square Feet
$10.62

Investment Highlights

  • Family Dollar has Operated at this Location for 18+ Years
  • 2020 Renovations Include New Ceiling and Floor Tiles, Signage, Parking Lot Lighting and Outdoor Seating
  • Signalized Hard Corner Location on Gulfway Drive and 9th Avenue; Combined Traffic Counts Exceed 21,835 Vehicles per Day
  • 3 Miles From Motiva Enterprises Facility, the Largest Oil Refinery in North America, Which is Undergoing a $10 Billion Expansion to Increase its Capacity to 600,000 Barrels per Day
  • More Than 99,815 Residents Within a Seven-Mile Radius

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Family Dollar in Port Arthur, Texas. The property consists of a 9,042-square foot, freestanding building that sits on approximately 0.93 acres of land. There are approximately 2.1 years remaining on the current lease term, with 10 percent rental escalations scheduled every five years in the options. Family Dollar renovated the store in 2020, adding new ceiling and flooring tiles, signage, parking lot lighting and outdoor seating. The property is located at the signalized hard corner of Gulfway Drive and 9th Avenue, where combined traffic counts exceed 21,835 vehicles per day. The area is extremely dense with more than 99,815 residents within a seven-mile radius. The subject property is surrounded by multiple oil refineries including Motiva Enterprises (largest refinery in North America), Valero and BASF Corporation. Motiva is undertaking a $10 billion addition to its western Port Arthur refinery, expanding capacity to 600,000 barrels per day. Valero also completed a $775 million expansion of its petrochemical plant recently. These operations are supported by the Port of Port Arthur, one of Texas’ leading seaports.

Exclusively Listed By

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