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Dollar Tree Plaza 420 S Broadway St 15,300 SF 100% Leased Retail Building Elsa, TX 78543 $2,790,000 ($182.35/SF) 7.12% Cap Rate



EXECUTIVE SUMMARY
Walmart Shadow Anchored: Drives Consistent Consumer Traffic to the Site
2016 Construction
Strong Credit & NNN Leases: All Three Tenants Have NNN Leases. Dollar Tree is Publicly Traded (NASDAQ: DLTR) | NAPA Auto Parts is Operated by Genuine Parts Company (NYSE: GPC) | Crickett Wireless is a Wholly Owned Subsidiary of AT&T (NYSE: T)
Recent Lease Renewal: Dollar Tree Recently Exercised a 5-Year Renewal Option, Demonstrating Long-Term Commitment
Prime Location & Signalized Hard Corner: On Broadway, Elsa’s Most Heavily Trafficked Retail Corridor
Multiple Access Points & Large Pylon Sign: Provides Easy Ingress and Egress and Additional Exposure to the Center
Surrounded by Top National Retailers: Walmart Supercenter, H-E-B, Whataburger, McDonalds, Dairy Queen, CVS, Wingstop, T-Mobile, AutoZone, and more
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
At Dollar Tree, they are working hard to create an environment where shopping is fun… a place where customers can discover new treasures every week… a store where entire families can enjoy hunting for that special something. They bring it all to people in stores that are bright and well lit, clean and well organized… and stocked with the items people are looking for! Just as important, especially during these tough economic times, they continue to offer customers the products they need at extreme values! They are expanding assortment of merchandise, constantly bringing people new and exciting items. Some of the product departments people find at a Dollar Tree store in Canada include housewares, glassware, dinnerware, cleaning supplies, candy, snacks, food, health and beauty, toys, gifts, gift bags and wrap, party supplies, stationery, craft supplies, teaching supplies, books, seasonal décor, and more!
In 1925, a group of independent auto parts sellers met in Detroit to form the National Automotive Parts Association. Their mission was simple: Improve the distribution of auto parts to serve the people and businesses who increasingly relied on cars and trucks for their transportation needs. NAPA stores and warehouses, which were owned by a variety of member companies at the time, quickly became the go-to sources for parts. Carlyle Fraser, founder of Genuine Parts Company, served as a key NAPA contributor in its early years. Across the decades, Genuine Parts began to acquire the other NAPA member companies, and in 2012 became the last remaining member of NAPA, a brand with a reputation for quality parts, rapid availability, and knowledgeable people. Today, the NAPA Network offers hundreds of thousands of unique parts, distributed across many distribution centers, thousands of NAPA Auto Parts stores and even more NAPA Auto Care centers throughout the United States.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
Retailer | - | - | - | - | |
|
Retailer | - | - | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | C0850-00-530-0044-01 | Improvements Assessment | $1,220,913 |
| Land Assessment | $301,087 | Total Assessment | $1,522,000 |
PROPERTY TAXES
Presented by
SUMMIT RE
Dollar Tree Plaza | 420 S Broadway St
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