OFFERING SUMMARY
Price: $1,142,625
Cap Rate: 8.00%
Gross Leasable Area: 8,000 SF
NOI: $91,410
OFFERING HIGHLIGHTS
- Lease Renewal in 2023
- Strong Performing Family Dollar
- Five (5), 5-year Options
- 12,982 Traffic Volume Per Day
- Double-Net Lease Structure
INVESTMENT OVERVIEW
Marcus and Millichap is pleased to present investors with the unique opportunity to acquire a strong-performing Family Dollar property located in Frankston, Texas. Family Dollar recently executed their first five-year option which runs through the start of 2028. The tenant has five, five-year options remaining with strong rent increases built in. The property, which was a build-to-suit for Family Dollar in 2011, sits just off the main street in Frankston, TX providing high traffic volume daily and great visibility. The lease is a classic Family Dollar double net lease with landlord responsible for roof, structure, and parking lot with the tenant taking care of HVAC, CAM, taxes, and insurance.
