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Texas FD/DT Combo Store 7665 U.S. 96 N hwy

10,465 SF Retail Building Brookeland, TX 75931 $1,208,700 CAD ($115 CAD/SF) 11.86% Cap Rate

Investment Highlights

  • 11.86% CAP Dark Texas Dollar Tree / Family Dollar
  • $740,000 in Remaining Lease Income - 85% of the Purchase Price
  • Subject Property is Located Off of U.S, Hwy 96 Which Generated Traffic Counts of 5,360+ VPD
  • 7+ Years Remaining of Corporately Guaranteed Rent Payments
  • Tenant Fully Responsible for Fully Reimbursing Landlord for Insurance, Property Taxes and Tenant Maintains Landscaping Directly
  • Dollar Tree (NYSE: DLTR) is a Fortune 500 Company With a Credit Rating of BBB (S&P)

Executive Summary

Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Family Dollar/Dollar Tree in Brookeland, TX. The subject property has 7+ years of firm term remaining and tenant has given landlord notice for vacating the store but will continue to fully honor their lease obligations. It is an attractive high yield investment opportunity with several years remaining on lease. The property is located adjacent to Sam Rayburn Lake.

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,465 SF
Year Built
2021
Price
$1,208,700 CAD
Price Per SF
$115 CAD
Cap Rate
11.86%
NOI
$143,338 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.13 AC
Frontage
253 ft on U.S. Highway 96 North

Amenities

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R006032696
Land Assessment
$127,980 CAD
Improvements Assessment
$903,027 CAD
Total Assessment
$1,031,007 CAD
  • Listing ID: 31536247

  • Date on Market: 2024-04-17

  • Last Updated:

  • Address: 7665 U.S. 96 N hwy, Brookeland, TX 75931

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