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Family Dollar 601 W Upshur Ave 7,830 SF Retail Building Gladewater, TX 75647 $499,000 ($63.73/SF) 9% Cap Rate
Investment Highlights
- ±4 years remaining and two 5-year renewal options.
- Priced at $499,000 with a 9.00% cap rate and $44,550 annual NOI.
- 10% rent increases in each renewal option period for long-term growth.
- Priced at $499,000 with a 9.00% cap rate and $44,550 annual NOI.
- ±7,830 SF building on ±0.49 acres along Gladewater’s main retail corridor.
- Necessity-based retail model ensures consistent consumer demand in all cycles.
Executive Summary
Broker of Record
Patrick Graham
License # 9005919, 528005 (TX)
Matthews Real Estate Investment Services, LLC
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
Patrick Graham
License # 9005919, 528005 (TX)
Matthews Real Estate Investment Services, LLC
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,830 SF
Building Class
B
Year Built
1961
Price
$499,000
Price Per SF
$63.73
Cap Rate
9%
NOI
$44,910
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
0.49 AC
Opportunity Zone
Yes
Zoning
F1 - Commercial
Amenities
- Corner Lot
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Nearby Major Retailers
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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Family Dollar | 601 W Upshur Ave
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