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3911 W Oak St 10,500 SF Retail Building Palestine, TX 75801 $1,400,000 ($133.33/SF) 6.70% Cap Rate
Executive Summary
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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Dollar Tree, Inc. is a major North American discount retailer headquartered in Chesapeake, Virginia. The company operates a large network of small-format stores across the United States and Canada, offering low-priced consumables, household goods, seasonal merchandise, health and beauty products, and snacks. Dollar Tree is widely recognized for its fixed-price strategy, selling most products at a set low price point through its Dollar Tree banner, while its Family Dollar banner offers everyday low-cost merchandise across variable price ranges. Corporate operations at the Chesapeake headquarters oversee merchandising, supply chain, marketing, finance, human resources, and real estate activities supporting thousands of stores nationwide. Dollar Tree emphasizes convenience, value, and efficient distribution, with additional support from multiple distribution centers throughout North America.
| 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
Contacts
-
Martin Goldstein -
Russell Goldstein -
The Goldstein Group (MRG Associates, LLC)
Presented by
3911 W Oak St
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