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Dollar Tree 1021 Highway 80 9,000 SF Retail Building San Marcos, TX 78666 $2,062,500 ($229.17/SF) 6% Cap Rate
Investment Highlights
- Adjacent to one to the top Walmart Supercenters in the region.
- Masonry building, concrete parking lot, built in 2018.
- Free standing, single tenant building leased to Dollar Tree.
Executive Summary
Rare opportunity to own a hands-off commercial property at below replacement cost in one of the highest growth corridors in the U.S. with a major university 1.5 miles away. Located between Austin and San Antonio, this 9,000 SF Free-Standing Dollar Tree Building built in 2018 has 8 years of term remaining with two options. With below market rents, the new buyer has uncapped upside combined with projectable stability, as this Dollar Tree is located next to the top Walmart Supercenter in the region, and only 1.5 miles from downtown San Marcos and Texas State University. Texas State is now a PAC 12 school with 44,000+ students enrolled and 10,000+ living on campus. Walmart REA contains typical use prohibitions. Contact broker for more info.
Below replacement cost.
Below replacement cost.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,000 SF
Building Class
C
Year Built
2019
Price
$2,062,500
Price Per SF
$229.17
Cap Rate
6%
NOI
$123,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.20 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
40 Spaces (4.44 Spaces per 1,000 SF Leased)
Frontage
401’ on River Road
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R112301 | Improvements Assessment | $679,590 |
| Land Assessment | $380,410 | Total Assessment | $1,060,000 |
Property Taxes
Parcel Number
R112301
Land Assessment
$380,410
Improvements Assessment
$679,590
Total Assessment
$1,060,000
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Dollar Tree | 1021 Highway 80
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