Dollar Tree
15,854 SF | Retail Building | Pilot Point, TX 76258 | $1,902,480 ($120/SF) | 7.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,902,480
- Property Type
-
Retail
- Square Feet
- 15,854 SF
- Price / Square Foot
- $120
Listing Contacts
Isaiah Harf
Verified Profile
BJ Feller
Verified Profile
- Property Info
Property Overview
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Dollar Tree property located in Pilot Point, Texas (the “Property”). The Property consists of an 15,854 square foot freestanding retail building on a 1.54-acre parcel of land. Dollar Tree is operating under a 10-year, net lease with limited landlord responsibilities. The lease also features 5, 5-year extension options with rent escalations at the beginning of each option term, offering investors a hedge against inflation.
Property Details
- Class
- C
- Year Built/Renovated
- 1975/2023
- Stories
- 1
- Property Subtype
- Storefront Retail/Office
- Lot Size (sq. ft)
- 67,954 SF
Highlights
- Brand New, Long-Term Net Lease
- 2023 Renovations
- Investment Grade Guarantee from Best-in-Class Tenant
- Strong Access & Visibility
- Commercial Corridor of Pilot Point
- Income Tax-Free State | Dallas - Ft. Worth MSA Acquisition Opportunity
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