Log In/Sign Up
Your email has been sent.
Net Leased Family Dollar 408 Cowboy Way 8,320 SF Retail Building Plains, TX 79355 $1,409,050 CAD ($169.36 CAD/SF) 9.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Net Lease – Landlord Responsible for Roof & Structure Only
- Highly Visible Site Along U.S. Highway 82
- Close to Plains High School (134 Students)
- Corporate Guarantee – Family Dollar Stores, Inc
- Surrounding Tenants include Dairy Queen, Lowe’s Market, Uncle’s, Ole Mexican Foods, West Texas Gas, and More
EXECUTIVE SUMMARY
The Kase Group is pleased to present the opportunity to acquire a net-leased
Family Dollar located at 408 Cowboy Way (U.S. Highway 82) in Plains, Texas. The
property consists of an ±8,320 square foot freestanding building with excellent
visibility along the town’s primary commercial corridor. Plains serves as the
county seat of Yoakum County and functions as a central hub for surrounding
rural communities, offering a steady flow of local and regional traffic.
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 June 30, 2028, and includes five (5)
additional five-year renewal options with no rental increases during the base or
option periods.
The property is strategically positioned near several key retailers and service
providers—including Dairy Queen, Lowe’s Market, Uncle’s Convenience Store,
Roger Tires & Welding, Gonzales Tire Services, Anderson Produce, West Texas
Gas, and Ole Mexican Foods—as well as Plains High School, which is located
approximately half a mile from the property.
Family Dollar located at 408 Cowboy Way (U.S. Highway 82) in Plains, Texas. The
property consists of an ±8,320 square foot freestanding building with excellent
visibility along the town’s primary commercial corridor. Plains serves as the
county seat of Yoakum County and functions as a central hub for surrounding
rural communities, offering a steady flow of local and regional traffic.
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 June 30, 2028, and includes five (5)
additional five-year renewal options with no rental increases during the base or
option periods.
The property is strategically positioned near several key retailers and service
providers—including Dairy Queen, Lowe’s Market, Uncle’s Convenience Store,
Roger Tires & Welding, Gonzales Tire Services, Anderson Produce, West Texas
Gas, and Ole Mexican Foods—as well as Plains High School, which is located
approximately half a mile from the property.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
C
Year Built
2013
Price
$1,409,050 CAD
Price Per SF
$169.36 CAD
Cap Rate
9.25%
NOI
$130,337 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.72 AC
Parking
25 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 2938 | Improvements Assessment | $360,691 CAD |
| Land Assessment | $10,289 CAD | Total Assessment | $370,980 CAD |
PROPERTY TAXES
Parcel Number
2938
Land Assessment
$10,289 CAD
Improvements Assessment
$360,691 CAD
Total Assessment
$370,980 CAD
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Net Leased Family Dollar | 408 Cowboy Way
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.