FAMILY DOLLAR | HOUSTON, TEXAS

Purchase Price
$2,000,000
Location
1414 W. Gulf Bank Rd
Cap Rate
5.42%
Annual Rent
$108,420.00
Building Size
9,180 SF
Land Area
1.537 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
10.75 Years
LEASE EXPIRATION
6/30/2033
Renewal Options
Six (6) - Five (5) Year
RENT INCREASES
5% In Year 11 & at Options
Parking
37 Spaces
Year Built
2018
APN
1020500000001
Traffic Counts
19,035 VPD

INVESTMENT HIGHLIGHTS

 

FAMILY DOLLAR CORPORATE LEASE:

  • 10.75 Years of Guaranteed Lease Term
  • 2018 Build-to-Suit Construction
 

GUARANTEED RENTAL INCREASE IN YEAR 11:

  • 5% Rental Increase in Year 11 (July 2028)
  • Six (6) - Five (5) Year Options with 5% Rental Increases
 

A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:

  • Absolute NNN Lease with ZERO Management Responsibilities
  • Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population: 14,414 Residents
  • 1-Mile Average Household Income: $64,332
  • 3-Mile Population: 120,220 Residents
  • 3-Mile Average Household Income: $57,825
  • 5-Mile Population: 330,999 Residents
  • 5-Mile Average Household Income: $66,910
 

LOCATION:

  • Traffic Counts in Excess of 19,000 Vehicles Per Day
  • Subject Property Benefits from Two (2) Points of Access - Veterans Memorial Dr (12,683 VPD) & Gulf Bank Rd (6,352 VPD)
 

PROXIMITY FROM HOUSTON:

  • Austin, TX | 162 Miles
  • Waco, TX | 185 Miles
  • San Antonio, TX | 197 Miles
  • Corpus Christi, TX | 208 Miles
  • Dallas, TX | 239 Miles
 

TENANT:

  • Strong Corporate Guaranty (NASDAQ: "DLTR") - Dollar Tree, Inc. is Rated "BBB-" by Standard & Poor's
  • 16,293 Stores as of October 29, 2022
  • Ranked #137 on the Fortune 500 List

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