1587 Fm 3433
Newark, TX 76071
Family Dollar · Retail Property For Sale

Marcus & Millichap has been retained as an exclusive marketing advisor for the sale of a single-tenant, net-leased, Family Dollar located in Newark, TX. Family Dollar occupies the property under a ten year double-net (NN) corporately guaranteed lease with two years remaining. There are five five-year options to renew the lease with 10% rent increases each option period. The Tenant is responsible for property taxes, insurance and common area maintenance while the Landlord is responsible for the roof and structure. The 9,000 square foot property was built in 2006 and has been a proven location for Family Dollar since. The property is located off FM 3433 and benefits from being the only discount retailer in Newark. Family Dollar is considered to be the nation' s largest small-box discount retailer. The concept for a self-serve, cash-and-carry neighborhood discount store in low to middle income neighborhoods proved so successful that today Family Dollar is a chain with over 8,000 stores in 46 states across the country. Newark, TX is located in Tarrant and Wise County. After the Rock Island Railroad reached the town in 1893, officials surveyed town lots, and the community was named Newark after the hometown (Newark, NJ) of G.K Foster, the civil engineer who helped survey the town. Newark was a prosperous farming community until the 1920s. It regained its status as a retail market for area farmers by the end of 1940s. Newark is located approximately 24 miles from Downtown Fort Worth.