FAMILY DOLLAR | ALVARADO, TEXAS
INVESTMENT SUMMARY
Purchase Price
$927,406
Location
430 US-67
Cap Rate
7.75%
Annual Rent
$71,874.00
Building Size
8,000 SF
Land Area
0.86 Acres
Ownership
Fee Simple
Lease Type
NN
Term Remainning
4 Years
LEASE EXPIRATION
12/31/2028
Renewal Options
RENT INCREASES
10% At Options
Parking
35 Spaces
Year Built
2003
APN
R000085501
Traffic Counts
22,610 VPD
INVESTMENT HIGHLIGHTS
FAMILY DOLLAR CORPORATE LEASE:
- Approximately 4 Years Remaining in the Existing Lease Term
- 2003 Build to Suit Construction
- 8,000 SF Building - 0.86 Acre Parcel
RECENT LEASE EXTENSION | 20+ YEAR OPERATING HISTORY:
- Family Dollar Recently Exercised a Lease Renewal Option as Per the Lease Agreement (Requiring No Landlord Concessions)
- Family Dollar Has Been Successfully Operating at this Location Since 2003
STRONG STORE SALES:
- Tenant Required to Report Store Sales Annually (Contact Agent for Details)
- Store Sales Have Increased Every Year Since
- 2024 Rent to Sales Ratio =
NN LEASE | MINIMAL LANDLORD RESPONSIBILITIES:
- Landlord Responsibilities Limited to Roof & Capital Costs Connected with Repair/Replacement of the Parking Lot
- Parking Lot Replaced in 2021 at Cost of $45,000+
- Tenant is Solely Responsible for the Maintenance and Repair/Replacement of HVAC Units
EXPLOSIVE POPULATION GROWTH:
- 1-Mile: 3.96% Annually (19.80% Projected Over the Next 5 Years)
- 3-Mile: 3.22% Annually (16.10% Projected Over the Next 5 Years)
- 5-Mile: 2.87% Annually (14.35% Projected Over the Next 5 Years)
- 7-Mile: 2.35% Annually (11.75% Projected Over the Next 5 Years)
PROXIMITY FROM ALVARADO:
- Fort Worth, TX | 27 Miles
- Arlington, TX | 37 Miles
- Dallas, TX | 39 Miles
- Waco, TX | 64 Miles
- Austin, TX | 164 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile: 5,884 Residents | $107,826 Average Household Income
- 3-Mile: 10,943 Residents | $104,072 Average Household Income
- 5-Mile: 20,650 Residents | $104,315 Average Household Income
- 7-Mile: 41,271 Residents | $101,525 Average Household Income