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Family Dollar, Sulphur Springs, TX

Family Dollar

TX, United States

Price $1,851,000
Cap Rate
NOI
Lease Term 15 Years
Lease Type
Rental Increases 10% after year 10 and every 5 years thereafter
Year Built 2016
Building Size 8,320 sq. ft.
Lot Size 1.2 Acres (52,272 sq. ft.)
Status Sold
Lead Broker Information Vince Aicale
Senior Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Senior Managing Director
415.228.9114
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

BRAND NEW, 15-YEAR, ABSOLUTE NNN LEASE WITH SCHEDULED RENT INCREASES
» Corporate guaranteed lease by Family Dollar Stores, Inc.
» Scheduled rent increases of 10% after year 10 and every 5 years thereafter, providing a hedge against inflation
» Absolute NNN lease provides a low-management investment opportunity, ideal for an out-of-state investor

RELOCATION SITE FOR STRONG NATIONAL TENANT
» Tenant has operated successfully in the area for years and is committed to operating in this submarket
» Tenant has transitioned from an inline shop space to a free standing building
» Family Dollar and its parent company, Dollar Tree, have over 13,000 locations in the U.S. and Canada
» Annual sales over $18 billion

BRAND NEW 2016 CONSTRUCTION
» Brand new construction and built to tenant’s exact specifications
» Features the latest Family Dollar brand’s design and store concepts
» Brand new building, limiting near-term deferred maintenance or capital costs

CORE SULPHUR SPRINGS LOCATION WITH ROBUST DEMOGRAPHICS
» Located on Gilmer Street, a major thoroughfare with 10,300 AADT directly in front of the site
» Surrounded by heavy residential neighborhoods that create a strong customer base for Family Dollar
» Population of 16,435 within a 3-mile radius

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located on Gilmer Street, a major thoroughfare running north/ south through Sulphur Springs, with a traffic count of 10,300 vehicles per day at the site. The property benefits from its proximity to Interstate 30, a major highway which connects Sulphur Springs to the Dallas/Fort Worth metropolitan area on one side and Texarkana on the other. The site is located just 0.7 miles north of the Interstate 30/Gilmer Street exit, which has an estimated traffic count of 35,500 vehicles just west of the exit. Surrounding Family Dollar are major national retailers such as Walmart, Lowe’s, CVS, Walgreens, Bealls, Hibbett Sports, Brookshire’s, O’Reilly, AutoZone, Chili’s, Jack in the Box, and Taco Bell, McDonald’s, Burger King, and Whataburger. The site is also situated within a heavy residential community, which will be served by the store. Family Dollar relocated to this site from an older, inline store approximately half a mile south of the new Family Dollar location. This indicates Family Dollar’s established customer base in the area, as well as the company’s strong desire to operate in this submarket.

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