Family Dollar 224 S FM 1346 9,180 SF Retail Building La Vernia, TX 78121 $1,368,790 CAD ($149.11 CAD/SF) 7.11% Cap Rate

MMG Real Estate Advisors is pleased to present the opportunity to acquire a Dollar Tree single-tenant retail property at 224 FM 1346, La Vernia, Texas, offered at $1,000,000 ($109 per square foot). This investment provides an attractive 7.11% cap rate, supported by a net operating income (NOI) of $71,145. The property is leased to Dollar Tree, a nationally recognized retailer, and benefits from its location in the rapidly growing San Antonio–New Braunfels MSA.
Situated along FM 1346, a key retail and commuter route, the property enjoys high visibility and access to steady local and pass-through traffic. The area features strong demographics, with median household incomes above regional averages and a mix of owner-occupied and renter households. Population growth within a 15-mile radius further supports long-term investment potential.
The Dollar Tree lease is triple-net (NNN), minimizing landlord responsibilities, with 18 years remaining and renewal options offering long-term stability. Rent increases averaging 6.5% every five years ensure predictable income. This offering provides a secure, cash-flowing investment with strong fundamentals, ideal for investors seeking low-management net-lease income in a growing suburban market.