FAMILY DOLLAR | ORANGE, TEXAS
INVESTMENT SUMMARY
Purchase Price
$1,156,000
Location
43441 State Hwy 87 South
Cap Rate
7.35%
Annual Rent
$85,000.08
Building Size
9,180 SF
Land Area
0.93 Acres
Ownership
Fee Simple
Lease Type
NN+
Term Remainning
10.25 Years
LEASE EXPIRATION
9/30/2030
Renewal Options
RENT INCREASES
5% At Options
Parking
32 Spaces
Year Built
2020
Traffic Counts
6,675 VPD
INVESTMENT HIGHLIGHTS
FAMILY DOLLAR CORPORATE GUARANTEED LEASE:
- Brand New Construction
- 2020 Construction Build-to-Suit Family Dollar - 9,180 SF
- 10.25 Years of Guaranteed Lease Term
- Six (6) - Five (5) Year Options at 5% Increases
NN+ LEASE | MINIMAL LANDLORD RESPONSIBILITIES | 30 YEAR ROOF WARRANTY & CONCRETE PARKING LOT
- Landlord Responsibilities Limited to Roof (Under Warranty for 30 Years) & Parking Lot (Concrete)
- Roof is Warranted for a Period of 30 Years
- Tenant is Responsible in Full for the Maintenance, Repair, and Replacement of HVAC System
- Tenant is Responsible for Lawn and Landscape Maintenance (Snow & Trash Removal), Repairing Parking Area Lights, and Restriping the Parking Lot
RARE CORPORATE GUARANTEE - FAMILY DOLLAR STORES, INC.:
- Lease is Guaranteed by Family Dollar Stores, Inc.
- New Family Dollar Leases are Typically Guaranteed by a Subsidiary of Family Dollar Stores, Inc. - Not the Parent Company
PROXIMITY TO OTHER MAJOR CITIES:
- Beaumont, Texas | 31 Miles - 35 Minute Drive
- Lake Charles, Louisiana | 36 Miles - 48 Minute Drive
- Port Arthur, Texas | 39 Miles - 47 Minute Drive
- Houston, Texas | 114 Miles - 1 Hour: 46 Minute Drive
TENANT:
- Dollar Tree, Inc. (NASDAQ: DLTR) Features Investment Grade Credit (BBB-) by Standard & Poor's
- 15,288 Stores Across 48 States and Five Canadian Provinces as of February 1, 2020
- Ranked #135 on Fortune 500 List