401 Ellis St | Menard, TX 76859
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- LoopNet Team
401 Ellis St
Menard, TX 76859
Family Dollar · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 2015 build-to-suit construction for Family Dollar
- Rare rent increases every 3-years for the life of the lease (CPI based with 6% max increase)
- Extremely strong corporate guarantee from Family Dollar
- ±7-years remaining on the base term of an initial 15-year lease
- Absolute NNN Lease – zero management responsibilities provide for a completely hands off investment
- Six, 5-Year extension options, all of which include the CPI based increases every 3-years
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,400 SF
Building Class
A
Year Built
2015
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.64 AC
Zoning
Commercial
Frontage
270’ on ELLIS ST
PROPERTY TAXES
| Parcel Number | 02510003800200 | Improvements Assessment | $500,040 |
| Land Assessment | $16,230 | Total Assessment | $516,270 |
PROPERTY TAXES
Parcel Number
02510003800200
Land Assessment
$16,230
Improvements Assessment
$500,040
Total Assessment
$516,270
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