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Family Dollar 200 S State Highway 359 8,320 SF Retail Building Mathis, TX 78368 $1,958,476 CAD ($235.39 CAD/SF) 8.50% Cap Rate

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INVESTMENT HIGHLIGHTS

Absolute NNN Lease
Located Within Primary Retail Trade Area
High Traffic Location

Upcoming Rental Increase
Leading Dollar Store Operator
Multiple Access Points with Great Visibility

EXECUTIVE SUMMARY

Northmarq, on behalf of ownership as its exclusive advisor is pleased to offer for sale the fee simple interest located at 200 South State Highway 359, Mathis, TX (the “Property”). Encompassing ±8,320 SF on ±0.96 acres, the Property represents recent 2016 construction and is occupied by Family Dollar. Family Dollar is operating under a 15-year lease with 6+ years remaining and absolute NNN expense structure with zero landlord responsibilities. The lease also includes 10% rental increases every 5 years. Given the 15-year lease, there is a contractual rental increase coming in 2026, which provides a significant boost to yield and hedge against inflation.

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PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

8,320 SF

Building Class

Year Built

2016

Price

$1,958,476 CAD

Price Per SF

$235.39 CAD

Cap Rate

8.50%

NOI

$166,383 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.20

Lot Size

0.96 AC

Zoning

Commercial

Parking

28 Spaces (3.37 Spaces per 1,000 SF Leased)

Retailer
-
$9.99
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Family Dollar is a neighborhood-focused retailer committed to providing everyday essentials at affordable prices. With merchandise typically ranging from $1 to $10, Family Dollar offers a wide selection of competitively priced national brands alongside value-driven private labels. Customers can find food and beverages, paper goods, health and beauty products, pet supplies, home décor, apparel, seasonal items, and personal electronics—all in one convenient location. Family Dollar stores are strategically located in communities across the country, including underserved areas often lacking access to affordable retail options. By placing stores in these neighborhoods, Family Dollar helps improve the availability of essential goods while saving customers time and money. The company’s mission is rooted in delivering value, convenience, and reliability to families seeking quality products on a budget.