FAMILY DOLLAR | HOUSTON, TEXAS
INVESTMENT SUMMARY
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
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