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Family Dollar - Port Arthur 7750 9th Ave 8,320 SF Retail Building Port Arthur, TX 77642 $1,650,000 ($198.32/SF) 6.73% Cap Rate
Executive Summary
As exclusive advisor, MMG Real Estate Advisors is pleased to present an investment opportunity, located at 7750 9th Ave, Port Arthur, TX, which offers a strong opportunity for long-term income generation, with an asking price of $1,525,000. The property consists of 8,320 square feet of gross leasable area and is fully occupied by Family Dollar, a stable and reliable tenant. The asking price translates to a competitive price per square foot of $183 and a cap rate of 7.28%, based on an annual Net Operating Income (NOI) of $111,055. The long-term lease in place provides significant stability, making it an attractive option for investors seeking secure, passive income.
The lease agreement is structured as a NNN+ (triple net) lease, with Family Dollar covering most operational costs, while the landlord is responsible for the roof, structure, and parking. The lease began on August 1, 2020, and is set to expire on September 30, 2028, with six additional 5-year renewal options. Each renewal period includes a 5% rent increase, ensuring consistent rental income over the next several decades. The lease term remaining is a robust 32 years, providing
long-term income stability.
The property is situated on a 2-acre lot and is easily accessible, with 26 regular parking spaces plus 2 designated handicap spaces. Built and remodeled in 2020, the property is in excellent condition. Additionally, the zoning is LC (Local Commercial), which supports its retail use. The combination of an attractive cap rate, a reliable tenant, and a long-term lease structure makes this an excellent investment opportunity in the retail sector.
The lease agreement is structured as a NNN+ (triple net) lease, with Family Dollar covering most operational costs, while the landlord is responsible for the roof, structure, and parking. The lease began on August 1, 2020, and is set to expire on September 30, 2028, with six additional 5-year renewal options. Each renewal period includes a 5% rent increase, ensuring consistent rental income over the next several decades. The lease term remaining is a robust 32 years, providing
long-term income stability.
The property is situated on a 2-acre lot and is easily accessible, with 26 regular parking spaces plus 2 designated handicap spaces. Built and remodeled in 2020, the property is in excellent condition. Additionally, the zoning is LC (Local Commercial), which supports its retail use. The combination of an attractive cap rate, a reliable tenant, and a long-term lease structure makes this an excellent investment opportunity in the retail sector.
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- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
B
Year Built
2019
Price
$1,650,000
Price Per SF
$198.32
Cap Rate
6.73%
NOI
$111,055
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.93 AC
Zoning
LC - Light Commercial
Parking
28 Spaces (3.37 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
CommunityBank of Texas
Property Taxes
| Parcel Number | 062250-000-013905-00000 | Improvements Assessment | $878,669 |
| Land Assessment | $192,694 | Total Assessment | $1,071,363 |
Property Taxes
Parcel Number
062250-000-013905-00000
Land Assessment
$192,694
Improvements Assessment
$878,669
Total Assessment
$1,071,363
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Family Dollar - Port Arthur | 7750 9th Ave
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