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Family Dollar 201 Kent St 10,000 SF Retail Building Merkel, TX 79536 $355,960 CAD ($35.60 CAD/SF) 8.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Historical Success with Nearly 30 Years of Occupancy – with 1½ Years of Term Remaining on Term with Option Periods
- Low Price Point – Priced Below Replacement Cost
- One of Two Dollar Stores in an 8 Mile Radius - Strong Central Location in Merkel
- Strong Corporate Guarantee by Family Dollar Holdings Inc.
- Very Strong Sales and Healthy Rent to Sales Ratio
- Excellent Corner Location with High Visibility on Kent Street that sees 2,820+ VPD
EXECUTIVE SUMMARY
The EngVest Group is pleased to present the opportunity to acquire the fee-simple interest in the Family Dollar located at 201 Kent Street, Merkel, TX 79536. This longstanding location has demonstrated nearly 30 years of operating success, underscoring the tenant's strong performance and continued commitment to the site. Backed by a solid corporate guarantee from Family Dollar Holdings, Inc., the asset operates under a NN lease structure with minimal landlord responsibilities, providing investors with stable, passive income in an essential and recession-resistant retail category.
Ideally positioned near the downtown area of Merkel, the property sits on a prominent corner along Kent Street—bene?ting from excellent visibility and over 2,820 vehicles per day. As one of only two national retailers in the entire town and one of just two dollar stores within an eight-mile radius, this Family Dollar serves as a critical retail anchor for the community, drawing a captive customer base with limited competition. Strong in-place sales and a healthy rent-to-sales ratio further reinforce the location's long-term viability.
Priced below replacement cost and supported by consistent performance, essential-use demand, and remaining lease term with option periods, this offering provides investors with an attractive opportunity to secure dependable cash ?ow and long-term stability within the single-tenant net-lease market.
Ideally positioned near the downtown area of Merkel, the property sits on a prominent corner along Kent Street—bene?ting from excellent visibility and over 2,820 vehicles per day. As one of only two national retailers in the entire town and one of just two dollar stores within an eight-mile radius, this Family Dollar serves as a critical retail anchor for the community, drawing a captive customer base with limited competition. Strong in-place sales and a healthy rent-to-sales ratio further reinforce the location's long-term viability.
Priced below replacement cost and supported by consistent performance, essential-use demand, and remaining lease term with option periods, this offering provides investors with an attractive opportunity to secure dependable cash ?ow and long-term stability within the single-tenant net-lease market.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,000 SF
Building Class
C
Year Built
1975
Price
$355,960 CAD
Price Per SF
$35.60 CAD
Cap Rate
8.30%
NOI
$29,532 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.71
Lot Size
0.32 AC
Parking
12 Spaces (1.2 Spaces per 1,000 SF Leased)
Frontage
99’ on Kent St
PROPERTY TAXES
| Parcel Number | 55929 | Improvements Assessment | $272,030 CAD |
| Land Assessment | $8,550 CAD | Total Assessment | $280,580 CAD |
PROPERTY TAXES
Parcel Number
55929
Land Assessment
$8,550 CAD
Improvements Assessment
$272,030 CAD
Total Assessment
$280,580 CAD
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Family Dollar | 201 Kent St
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