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Family Dollar 315 Texas Highway 37 10,500 SF Retail Building Mount Vernon, TX 75457 $1,620,000 ($154.29/SF) 7.76% Cap Rate
Executive Summary
Ideal Location for Dollar Tree – 3,772 Residents within 10 Mile Population
Minimal Landlord Responsibilities – Tenant Fully Responsible for HVAC Repairs and Replacement
Concrete Parking Lot and New Building Yield Minimal Landlord Responsibilities
Strong Corporate Guaranty by Investment Grade Tenant, Family Dollar. ($FDO), With an S&P Credit Rating of BBB
Excellent Visibility Along TX-37 – over 9,000 VPD with Easy Access from either Direction
Surrounding Retailers include Brookshire’s, McDonald’s, Starbucks, Dollar General, Sonic, Golden Chick, and More
Property Facts
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 28 | Improvements Assessment | $672,920 |
| Land Assessment | $57,250 | Total Assessment | $730,170 |
Property Taxes
Presented by
Family Dollar | 315 Texas Highway 37
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