CAP Rate: 7.0%
Lease Type: Double Net
Gross Leasable Area: 8,400 SF
Year Built: 2011
- Corporately Guaranteed Double Net Lease–Minimal Landlord Responsibilities
- Recently Executed Five-Year Extension Runs Through 2026, with Four Options Remaining
- Ideal Demographics for This Highly Sought-After Tenant
The subject offering affords an incoming investor the opportunity to acquire a 8,400 square foot Family Dollar in Laredo, Texas. Family Dollar recently demonstrated their commitment to this location by executing a five-year extension which commences in July 2021. The offering provides a strong investment with a highly sought-after tenant. This asset has minimal landlord responsibility and sits on a major thoroughfare with strong retail synergy.