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Family Dollar | Just Exercised 5-Year Option 409 S Main St 11,397 SF Retail Building Henderson, TX 75654 $460,000 ($40.36/SF) 8% Cap Rate
Investment Highlights
- Established Tenant with Over 40 Years of Operating History – 5½Years Remaining on Current Term Plus Additional Option Periods
- Very Strong Sales and Healthy Rent to Sales Ratio – Reach out to Listing Agent for Details
- One of Just Five Dollar Stores Within 10 Miles – Serves a Captive Customer Base
- Low Price Point – Priced Well Below Replacement Cost
- The Only Dollar Store in Heart of Town - Strong Central Location near Henderson Commercial Historic District
- Excellent Visibility on Main Street that sees 6,620+ VPD with Excellent Access with Multiple Points of Ingress and Egress
Executive Summary
RECENTLY EXERCISED 5 YEAR OPTION
The EngVest Group is pleased to present the opportunity to acquire the fee-simple interest in a Family Dollar located at 409 S Main Street, Henderson, TX 75654. This property offers investors the rare chance to own a well-established location with over 40 years of operating history, demonstrating the tenant’s long-term success and commitment to the site. Backed by a strong corporate guarantee from Family Dollar Holdings, Inc., this location operates under a NN lease structure with minimal landlord responsibilities, offering passive income in a stable and essential retail segment.
Positioned in the heart of Henderson, this Family Dollar is the only dollar store in the central part of town, benefiting from a captive customer base and limited competition—only five dollar stores exist within a 10-mile radius. The site boasts excellent visibility along Main Street, which sees over 6,620 vehicles per day, and features convenient access for local residents. With a low price point below replacement cost, strong in-place sales, and a healthy rent-to-sales ratio, this investment offers secure, long-term upside supported by the property's essential use, recession resistance, and enduring retail demand.
The EngVest Group is pleased to present the opportunity to acquire the fee-simple interest in a Family Dollar located at 409 S Main Street, Henderson, TX 75654. This property offers investors the rare chance to own a well-established location with over 40 years of operating history, demonstrating the tenant’s long-term success and commitment to the site. Backed by a strong corporate guarantee from Family Dollar Holdings, Inc., this location operates under a NN lease structure with minimal landlord responsibilities, offering passive income in a stable and essential retail segment.
Positioned in the heart of Henderson, this Family Dollar is the only dollar store in the central part of town, benefiting from a captive customer base and limited competition—only five dollar stores exist within a 10-mile radius. The site boasts excellent visibility along Main Street, which sees over 6,620 vehicles per day, and features convenient access for local residents. With a low price point below replacement cost, strong in-place sales, and a healthy rent-to-sales ratio, this investment offers secure, long-term upside supported by the property's essential use, recession resistance, and enduring retail demand.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,397 SF
Building Class
B
Year Built
1964
Price
$460,000
Price Per SF
$40.36
Cap Rate
8%
NOI
$36,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.10 AC
Frontage
239’ on Main St
Nearby Major Retailers
Property Taxes
| Parcel Number | 8996 | Improvements Assessment | $175,000 |
| Land Assessment | $70,000 | Total Assessment | $245,000 |
Property Taxes
Parcel Number
8996
Land Assessment
$70,000
Improvements Assessment
$175,000
Total Assessment
$245,000
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Family Dollar | Just Exercised 5-Year Option | 409 S Main St
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