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Family Dollar - Irving TX 503 S MacArthur Blvd 7,952 SF Retail Building Irving, TX 75060 $1,363,505 CAD ($171.47 CAD/SF) 6.85% Cap Rate
Investment Highlights
- Over 2 Years Remaining | Corporate Guaranteed | Investment Grade Tenant (S&P: BBB) | Options to Extend
- Strong National/Credit Tenant Presence | Nearby Schools |Signalized, Hard Corner Intersection | Dense Retail Corridor
- Limited Landlord Responsibilities | Fee Simple Ownership | NN Lease
- Local Demographics in 5-Mile Trade Radius | Direct Consumer Base
Executive Summary
• The tenant, Family Dollar, has over 2 years remaining on its current lease with
3 (5-year) options to extend
• Corporate Guaranteed lease by Family Dollar Stores, Inc (S&P: BBB)
• Subject property is paying below market rents at around $8/sq ft. vs $20 market rents (i.e. Costar)
3 (5-year) options to extend
• Corporate Guaranteed lease by Family Dollar Stores, Inc (S&P: BBB)
• Subject property is paying below market rents at around $8/sq ft. vs $20 market rents (i.e. Costar)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,952 SF
Building Class
B
Year Built
2003
Price
$1,363,505 CAD
Price Per SF
$171.47 CAD
Cap Rate
6.85%
NOI
$93,419 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.96 AC
Zoning
General Commercial
Parking
37 Spaces (4.65 Spaces per 1,000 SF Leased)
Frontage
120’ on S. Macarthur Blvd
Amenities
- Pylon Sign
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 32242450010010000 | Improvements Assessment | $1,534,869 CAD |
| Land Assessment | $348,135 CAD | Total Assessment | $1,883,004 CAD |
Property Taxes
Parcel Number
32242450010010000
Land Assessment
$348,135 CAD
Improvements Assessment
$1,534,869 CAD
Total Assessment
$1,883,004 CAD
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Family Dollar - Irving TX | 503 S MacArthur Blvd
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