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Family Dollar 315 Texas Highway 37 10,500 SF Retail Building Mount Vernon, TX 75457 $1,620,000 ($154.29/SF) 7.76% Cap Rate
Executive Summary
2023 Construction Build Dollar Tree with 9 Years of Initial Term with 6 (5 year) Options
Ideal Location for Dollar Tree – 3,772 Residents within 10 Mile Population
Minimal Landlord Responsibilities – Tenant Fully Responsible for HVAC Repairs and Replacement
Concrete Parking Lot and New Building Yield Minimal Landlord Responsibilities
Strong Corporate Guaranty by Investment Grade Tenant, Family Dollar. ($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
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
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
C
Year Built
2023
Price
$1,620,000
Price Per SF
$154.29
Cap Rate
7.76%
NOI
$125,685
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.95 AC
Zoning
R-3 - Commercial
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Family Dollar began in 1959 as a discount variety store chain and grew from a neighborhood retail concept into a nationwide business serving everyday shopping needs. The company focuses on affordable family essentials and carries food and beverages, paper products, health and beauty supplies, pet food, home products, apparel and accessories, seasonal goods, and electronics. Family Dollar supports convenient value shopping through national brands, private-label items, and digital savings tools across the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 28 | Improvements Assessment | $672,920 |
| Land Assessment | $57,250 | Total Assessment | $730,170 |
Property Taxes
Parcel Number
28
Land Assessment
$57,250
Improvements Assessment
$672,920
Total Assessment
$730,170
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Family Dollar | 315 Texas Highway 37
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