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651 N Stemmons St 8,040 SF Retail Building Sanger, TX 76266 $1,060,750 ($131.93/SF) 7% Cap Rate
Investment Highlights
- Corporate Credit
- Percentage Rent Upside
- 20 Year Operation History
- I-35 Major Intersection
Executive Summary
The Family Dollar at 651 N Stemmons Street in Sanger, Texas presents an attractive net-leased investment opportunity backed by corporate credit and an established 20-year operating history at the location. With its long-term operating history, corporate-backed tenancy, strategic location, and additional percentage rent potential, the property offers investors a compelling combination of stability, income growth potential, and exposure to the continued expansion of the North Texas market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,040 SF
Building Class
B
Year Built
2006
Price
$1,060,750
Price Per SF
$131.93
Cap Rate
7%
NOI
$74,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.86 AC
Zoning
B-2
Parking
44 Spaces (5.47 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- $10.15
- Triple Net
- Aug 2031
Family Dollar began in 1959 as a discount variety store chain and grew from a neighborhood retail concept into a nationwide business serving everyday shopping needs. The company focuses on affordable family essentials and carries food and beverages, paper products, health and beauty supplies, pet food, home products, apparel and accessories, seasonal goods, and electronics. Family Dollar supports convenient value shopping through national brands, private-label items, and digital savings tools across the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $10.15 | Triple Net | Aug 2031 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R222924 | Improvements Assessment | $726,764 |
| Land Assessment | $448,236 | Total Assessment | $1,175,000 |
Property Taxes
Parcel Number
R222924
Land Assessment
$448,236
Improvements Assessment
$726,764
Total Assessment
$1,175,000
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