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710 Tenaha St
Center, TX 75935
Retail Property For Sale
Investment Highlights
- List price of $763,933 yielding a 9.00% cap rate
- There are 4.25 years remaining on the lease including Five, 5-Year options to extend at 10% rental increases.
- Corporate Guarantee from Family Dollar Corporation.
- Exceptional Sales Performance: RARE lease including a sales-reporting provision. Tenant consistently achieves above average sales
- The tenant has extended the lease over 3 times, showing their success and long-term commitment to this location.
- Percentage Rent Upside: Investor has the opportunity to earn additional rent equal to 3.00% of sales exceeding the set threshold
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
B
Year Built
2002
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.43 AC
Property Taxes
| Parcel Number | R23270 | Improvements Assessment | $320,590 |
| Land Assessment | $75,360 | Total Assessment | $395,950 |
Property Taxes
Parcel Number
R23270
Land Assessment
$75,360
Improvements Assessment
$320,590
Total Assessment
$395,950
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