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14109 State 64 hwy 10,500 SF Retail Building Ben Wheeler, TX 75754 $1,422,000 ($135.43/SF) 7.85% Cap Rate
INVESTMENT HIGHLIGHTS
- 2023 Development
- Small Price Point & Low Rent Figure of $10.63 PSF
- Family Dollar Corporate Guarantee
- Passive NN Lease with Minimal Landlord Responsibilities
- Six (6) 5-Year Renewal Options with Scheduled Rent Increases
- Recession Resistant Retailer
EXECUTIVE SUMMARY
Colliers is pleased to present to qualified investors the opportunity to acquire the single-tenant net lease Family Dollar property located in Ben Wheeler, Texas.
The ±10,500 SF freestanding building was recently constructed in 2023 as a build-to-suit combo store development. The tenant, Family Dollar signed a new 10-year corporately guaranteed lease with six (6) 5-year options to extend. The lease features scheduled rental increases in each of the options, and minimal landlord responsibilities, making this an ideal investment opportunity for a passive investor.
Family Dollar is strategically located along State Highway 64 in Ben Wheeler, Texas. The property benefits from minimal competition, strong household incomes in 1-, 3-, and 5-mile radius surrounding the property, and a growing population.
Ben Wheeler is located in Van Zandt county, 30 minutes West of Tyler, Texas. Tyler is one of the largest and fastest growing areas in East Texas. With a population of over 249,000, Tyler serves as a regional hub for education, healthcare, logistics and tourism.
The ±10,500 SF freestanding building was recently constructed in 2023 as a build-to-suit combo store development. The tenant, Family Dollar signed a new 10-year corporately guaranteed lease with six (6) 5-year options to extend. The lease features scheduled rental increases in each of the options, and minimal landlord responsibilities, making this an ideal investment opportunity for a passive investor.
Family Dollar is strategically located along State Highway 64 in Ben Wheeler, Texas. The property benefits from minimal competition, strong household incomes in 1-, 3-, and 5-mile radius surrounding the property, and a growing population.
Ben Wheeler is located in Van Zandt county, 30 minutes West of Tyler, Texas. Tyler is one of the largest and fastest growing areas in East Texas. With a population of over 249,000, Tyler serves as a regional hub for education, healthcare, logistics and tourism.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
10,500 SF
Year Built
2023
Price
$1,422,000
Price Per SF
$135.43
Cap Rate
7.85%
NOI
$111,615
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.00 AC
1 of 7
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14109 State 64 hwy
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