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Family Dollar/Dollar Tree | 10yr Corp NN 204 Center st 10,500 SF Retail Building Archer City, TX 76351 $1,977,861 CAD ($188.37 CAD/SF) 8% Cap Rate
Investment Highlights
- Brand New 10-Year Lease | Options To Extend
- Primary Retail Corridor | Close Proximity to Wichita Falls
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Family Dollar Tree investment property located in Archer City, Texas. The tenant, Family Dollar Stores of Texas, LLC, Inc recently signed a brand new 10-year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features rental increases of $0.50 per square foot at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,500 SF
Building Class
B
Year Built
2024
Price
$1,977,861 CAD
Price Per SF
$188.37 CAD
Cap Rate
8%
NOI
$158,202 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.81 AC
Zoning
F1
Parking
47 Spaces (4.48 Spaces per 1,000 SF Leased)
Frontage
113’ on South Center Street
Amenities
- Signage
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 04400-00800-03200-000000 | Improvements Assessment | $754,352 CAD |
| Land Assessment | $41,296 CAD | Total Assessment | $795,648 CAD |
Property Taxes
Parcel Number
04400-00800-03200-000000
Land Assessment
$41,296 CAD
Improvements Assessment
$754,352 CAD
Total Assessment
$795,648 CAD
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Family Dollar/Dollar Tree | 10yr Corp NN | 204 Center st
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