14109 State 64 hwy - Storefront FOR SALE


Ben Wheeler, TX 75754
$1,422,000 USD
859-907-2006
14109 State 64 hwy, Ben Wheeler, TX for Sale
$1,422,000 USD
Storefront - FOR SALE
1/6
null | 7.85% Cap Rate

14109 State 64 hwy
Ben Wheeler, TX 75754


HIGHLIGHTS

  • 2023 Development
  • Passive NN Lease with Minimal Landlord Responsibilities
  • Small Price Point & Low Rent Figure of $10.63 PSF
  • Six (6) 5-Year Renewal Options with Scheduled Rent Increases
  • Family Dollar Corporate Guarantee
  • Recession Resistant Retailer

OVERVIEW

Colliers is pleased to present to qualified investors the opportunity to acquire the single-tenant net lease Family Dollar property located in Ben Wheeler, Texas. The ±10,500 SF freestanding building was recently constructed in 2023 as a build-to-suit combo store development. The tenant, Family Dollar signed a new 10-year corporately guaranteed lease with six (6) 5-year options to extend. The lease features scheduled rental increases in each of the options, and minimal landlord responsibilities, making this an ideal investment opportunity for a passive investor. Family Dollar is strategically located along State Highway 64 in Ben Wheeler, Texas. The property benefits from minimal competition, strong household incomes in 1-, 3-, and 5-mile radius surrounding the property, and a growing population. Ben Wheeler is located in Van Zandt county, 30 minutes West of Tyler, Texas. Tyler is one of the largest and fastest growing areas in East Texas. With a population of over 249,000, Tyler serves as a regional hub for education, healthcare, logistics and tourism.

FOR SALE DETAILS

PRICE

$1,422,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

7.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Geoff FickeColliersMore Info
859-907-2006

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Geoff FickeColliersMore Info
859-907-2006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.