Log In/Sign Up
Your email has been sent.
3911 W Oak St 10,500 SF Retail Building Palestine, TX 75801 $1,400,000 ($133.33/SF) 6.70% Cap Rate
EXECUTIVE SUMMARY
The Goldstein Group is pleased to present this excellent, NN Dollar
Tree store located at 3911 West Oak St, Palestine, Texas, roughly a 1.5
hour drive south of Dallas, TX.
The property is encumbered with a ten (10) year double net lease,
leaving minimal landlord responsibilities. The lease contain Three (5) year options to
renew, each with $0.50 PSF rent increase. The lease is corporately guaranteed by Dollar
Tree Corporation which holds a credit rating of “BBB-” which is classified as investment
grade.
This Dollar Tree is highly visible as it is strategically positioned on a corner of Oak St
(which sees 12,600 vehicles per day). The building is located on a main artery feeding
Palestine. The five mile population is nearly 24,000+ with the two mile average
household income at $55,282. These are ideal demographics for a Dollar Store. The five mile
average home value exceeds $100,000.
This investment will offer a new owner success due to the financial strength and the
proven profitability of the tenant, one of the nation’s top dollar stores.
Tree store located at 3911 West Oak St, Palestine, Texas, roughly a 1.5
hour drive south of Dallas, TX.
The property is encumbered with a ten (10) year double net lease,
leaving minimal landlord responsibilities. The lease contain Three (5) year options to
renew, each with $0.50 PSF rent increase. The lease is corporately guaranteed by Dollar
Tree Corporation which holds a credit rating of “BBB-” which is classified as investment
grade.
This Dollar Tree is highly visible as it is strategically positioned on a corner of Oak St
(which sees 12,600 vehicles per day). The building is located on a main artery feeding
Palestine. The five mile population is nearly 24,000+ with the two mile average
household income at $55,282. These are ideal demographics for a Dollar Store. The five mile
average home value exceeds $100,000.
This investment will offer a new owner success due to the financial strength and the
proven profitability of the tenant, one of the nation’s top dollar stores.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
10,500 SF
Year Built/Renovated
1980/2021
Price
$1,400,000
Price Per SF
$133.33
Cap Rate
6.70%
NOI
$93,840
Tenancy
Single
Building Height
1 Story
Building FAR
0.42
Lot Size
0.58 AC
Parking
19 Spaces (1.81 Spaces per 1,000 SF Leased)
Frontage
107’ on West Oak Street
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
- -
Dollar Tree is a privately held discount variety store offering a range of everyday household goods including cleaning supplies, groceries, health and beauty items, party supplies, toys, school products, and seasonal décor. As part of a multi-unit national retail chain, this store integrates retail convenience, value pricing, and a consistent product mix alongside its broader corporate network. The brand continues to focus on store network expansion and community accessibility.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R43916 | Improvements Assessment | $1,007,648 |
| Land Assessment | $128,392 | Total Assessment | $1,136,040 |
PROPERTY TAXES
Parcel Number
R43916
Land Assessment
$128,392
Improvements Assessment
$1,007,648
Total Assessment
$1,136,040
CONTACTS
-
Martin Goldstein -
Russell Goldstein -
The Goldstein Group (MRG Associates, LLC)
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
3911 W Oak St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.