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Net Leased Family Dollar 206 W Cleveland St 8,320 SF Retail Building Hale Center, TX 79041 $1,311,216 CAD ($157.60 CAD/SF) 9.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Net Lease – Landlord Responsible for Roof & Structure Only
- Highly Visible Site Along West Cleveland Avenue
- Neighboring Tenants include Lowe's Market, Allsup's Convenience Store, Good Neighbor Pharmacy, Luis Tire Shop, Brown Sugar and Lace Boutique, Rawhide
- Corporate Guarantee – Family Dollar Stores, Inc.
- Close Proximity to U.S. Highway 27
EXECUTIVE SUMMARY
The Kase Group is pleased to present the opportunity to acquire a net-leased
Family Dollar located at 206 West Cleveland Avenue in Hale Center, Texas. The
property consists of an ±8,320 square foot freestanding building with excellent
visibility along the town’s primary commercial corridor. Hale Center is situated in
central Hale County and functions as a local hub for surrounding rural
communities.
The lease is corporately guaranteed by Family Dollar Stores, Inc. and structured
as a Net Lease with minimal landlord responsibilities limited to roof and
structure. The current term runs through September 30, 2028, and includes six (6)
additional five-year renewal options with no rental increases during the base or
option periods.
The property is ideally positioned with close proximity to U.S. Highway 27 and
surrounded by key area businesses including Lowe's Market, Allsup's
Convenience Store, Good Neighbor Pharmacy, Luis Tire Shop, Brown Sugar and
Lace Boutique, Rawhide Dairy, K & W Equipment, and Helena Chemical Company.
Family Dollar located at 206 West Cleveland Avenue in Hale Center, Texas. The
property consists of an ±8,320 square foot freestanding building with excellent
visibility along the town’s primary commercial corridor. Hale Center is situated in
central Hale County and functions as a local hub for surrounding rural
communities.
The lease is corporately guaranteed by Family Dollar Stores, Inc. and structured
as a Net Lease with minimal landlord responsibilities limited to roof and
structure. The current term runs through September 30, 2028, and includes six (6)
additional five-year renewal options with no rental increases during the base or
option periods.
The property is ideally positioned with close proximity to U.S. Highway 27 and
surrounded by key area businesses including Lowe's Market, Allsup's
Convenience Store, Good Neighbor Pharmacy, Luis Tire Shop, Brown Sugar and
Lace Boutique, Rawhide Dairy, K & W Equipment, and Helena Chemical Company.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
C
Year Built
2013
Price
$1,311,216 CAD
Price Per SF
$157.60 CAD
Cap Rate
9.25%
NOI
$121,287 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.80 AC
Parking
23 Spaces (2.76 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 14406 | Improvements Assessment | $794,004 CAD |
| Land Assessment | $14,039 CAD | Total Assessment | $808,043 CAD |
PROPERTY TAXES
Parcel Number
14406
Land Assessment
$14,039 CAD
Improvements Assessment
$794,004 CAD
Total Assessment
$808,043 CAD
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Net Leased Family Dollar | 206 W Cleveland St
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