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Family Dollar 1706 E FM 700 8,320 SF Retail Building Big Spring, TX 79720 $1,251,840 ($150.46/SF) 7.50% Cap Rate
Investment Highlights
- High Traffic Counts along FM700 - see map for details
- Tenant recently exercised their first option with rent increase
- Big Spring is positioned along Interstate 20 | 230 Miles West of DFW
- 69th Percentile Nationwide PlacerAI Ranking
- Income-tax free state
- Relocation store - previous location was in the Sears-Harbor Freight retail center Northeast adjacent
Executive Summary
High Traffic Counts along FM700 - see map for details
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
B
Year Built
2012
Price
$1,251,840
Price Per SF
$150.46
Cap Rate
7.50%
NOI
$93,888
Tenancy
Single
Building Height
1 Story
Building FAR
0.45
Lot Size
0.42 AC
Zoning
Commercial
Nearby Major Retailers
Property Taxes
| Parcel Number | 295169 | Improvements Assessment | $394,760 |
| Land Assessment | $92,520 | Total Assessment | $487,280 |
Property Taxes
Parcel Number
295169
Land Assessment
$92,520
Improvements Assessment
$394,760
Total Assessment
$487,280
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Family Dollar | 1706 E FM 700
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