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601 W Upshur Ave
Gladewater, TX 75647
Retail Property For Sale
Investment Highlights
- Extremely low price point for a Family Dollar asset - $455,000
- Family Dollar has a 20+ year operating history at this location and just committed for another 5 years
- Rare percentage rent provision provided Landlord a $10,400 rent bonus for 2020 (see NOI summary)
- Highly desirable 9.83% cap rate
- Below market rental rate of $5.17 PSF based on 7,830 SF
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
7,830 SF
Building Class
B
Year Built
1961
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
0.49 AC
Zoning
F1 - Commercial
Amenities
- Corner Lot
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Property Taxes
| Parcel Number | 31830 | Improvements Assessment | $149,630 |
| Land Assessment | $21,200 | Total Assessment | $170,830 |
Property Taxes
Parcel Number
31830
Land Assessment
$21,200
Improvements Assessment
$149,630
Total Assessment
$170,830
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