Family Dollar / Dollar Tree Combo Store

Retail-Commercial for Sale
Catylist Listing ID: 30819059
Property Subtypes: Convenience Store, Free-Standing Building, Street Retail
Building Size (RSF): 10,500 SF
Gross Land Area: 1.22 Acres
Sale Price: $1,600,000
Unit Price: $152.38 PSF
Property Use Type: Investment
Building Name: Family Dollar/Dollar Tree Combo Store
Sale Terms: Cash to Seller
Cap Rate: 6.56%
Average Occupancy Rate: 100
Last Updated: 11/23/2022

Overview / Comments

Double Net (NN) freestanding Family Dollar/Dollar Tree combination store in Teague TX. The building is currently being expanded to 10,500 SF in conjunction with signing a new ten-year (10-year) lease to accommodate the new co-branded Family Dollar/Dollar Tree stores. These new combination stores are informally known as Family Dollar Tree and have a 20% increase in-store sales compared to non-combination stores. At $10.00 per square foot, this property offers a low annual rental rate providing long-term affordable and sustainable rent.

Investment Highlights
The store is being expanded and rebranded as a new, combination Family
Dollar/Dollar Tree Store
Family Dollar/ Dollar Tree combination stores have a 20% increase in-store -
sales
Net Net (NN) lease for newly expanded Family Dollar/Dollar Tree combination
store
The new 10-year lease commences 05/01/2023
Annual NOI of $105,000 and low annual rental rate of $10.00 per square foot,
provide affordable and sustainable tenant rent
Five (5-year) renewal options with $0.50 per square foot scheduled rental
increases

Current Tenants

Tenant Business Name Family Dollar / Dollar Tree
Is Renting? Yes
Year Founded 1959
SF of Space Occupied 10,500 SF
Current Rent $10 PSF (Annual)
Lease Expiration 4/2033
Options Four (5-yr) options

Additional Details

Nearest MSA: Dallas-Fort Worth-Arlington
County: Freestone
Submarket Type: Suburban
Tax ID/APN: 9859
Zoning: C1
Retail Clientele: General, Family, Traveler
Property Visibility: Excellent
Largest Nearby Street: E. Loop 255
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 10,500 SF
Property Condition: Excellent
Year Renovated: 2023
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 732 3,139 3,903
Median Age: 32.79 33.77 35.21
Households: 283 1,221 1,521

Contact

Photograph of Listing Agent

Justin P Langlois

Stirling Properties Baton Rouge Baton Rouge, LA 70809
LACDB Member
Photograph of Listing Agent

Stacy B Odom

Stirling Properties Shreveport/Bossier Baton Rouge, LA 70809
LACDB Member
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