Dollar Tree 444 S Highway 377 15,854 SF Retail Building Pilot Point, TX 76258 $2,469,502 CAD ($155.77 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New, Long-Term Net Lease
- Investment Grade Guarantee from Best-in-Class Tenant
- Commercial Corridor of Pilot Point
- 2023 Renovations
- Strong Access & Visibility
- Income Tax-Free State | Dallas - Ft. Worth MSA Acquisition Opportunity
EXECUTIVE SUMMARY
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Dollar Tree property located in Pilot Point, Texas (the “Property”). The Property consists of an 15,854 square foot freestanding retail building on a 1.54-acre parcel of land. Dollar Tree is operating under a 10-year, net lease with limited landlord responsibilities. The lease also features 5, 5-year extension options with rent escalations at the beginning of each option term, offering investors a hedge against inflation.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,854 SF
Building Class
C
Year Built/Renovated
1975/2023
Price
$2,469,502 CAD
Price Per SF
$155.77 CAD
Cap Rate
8%
NOI
$197,560 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.56 AC
Zoning
C-2
Parking
54 Spaces (3.41 Spaces per 1,000 SF Leased)
Frontage
53’ on S highway 377
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R41526 | Improvements Assessment | $1,637,112 CAD |
| Land Assessment | $579,833 CAD | Total Assessment | $2,216,945 CAD |
