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Family Dollar - Tulia TX 205 SW 2nd St 9,330 SF Retail Building Tulia, TX 79088 $887,000 ($95.07/SF) 9% Cap Rate
Investment Highlights
- 17+ Year Operating History | Corporate Guaranteed | Options To Extend | Scheduled Rental Increases
- Frontage On SW 2nd Street | Excellent Visibility & Access
- Nazareth Solar Development | Hornet Solar Development
- NN Leased | Fee Simple Ownership | No State Income Tax | Limited Landlord responsibilities
- Surrounding Retailers | Strong Demographics In A 5-Mile Trade Area
Executive Summary
• Family Dollar has operated at this location for over 17 years demonstrating their commitment to the site
• The lease is backed by a corporate guaranty from Family Dollar Stores of Texas, LLC with more than 7,000 locations nationwide
• There are 3 (5-year) option periods left for the tenant to exercise
• At the beginning of each option period there are 10% rental increases
• The lease is backed by a corporate guaranty from Family Dollar Stores of Texas, LLC with more than 7,000 locations nationwide
• There are 3 (5-year) option periods left for the tenant to exercise
• At the beginning of each option period there are 10% rental increases
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,330 SF
Building Class
B
Year Built
2008
Price
$887,000
Price Per SF
$95.07
Cap Rate
9%
NOI
$79,860
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.03 AC
Zoning
C-2 - General Commercial District
Parking
35 Spaces (3.75 Spaces per 1,000 SF Leased)
Frontage
350’ on 2nd St
Amenities
- Corner Lot
- Pylon Sign
- Signage
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 17654 | Improvements Assessment | $355,210 |
| Land Assessment | $12,380 | Total Assessment | $367,590 |
Property Taxes
Parcel Number
17654
Land Assessment
$12,380
Improvements Assessment
$355,210
Total Assessment
$367,590
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