175 US Highway 96 N - Freestanding FOR SALE


Pineland, TX 75968
$80,000 USD
305-206-1286
175 US Highway 96 N, Pineland, TX for Sale
$80,000 USD
Freestanding - FOR SALE
1/11
null | Request Cap Rate

175 US Highway 96 N
Pineland, TX 75968


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Family Dollar & Dollar Tree | 2022 Built | AUCTION DECEMBER 15-17
  • 10,919 SF Freestanding Value-Add Retail on 1.32 Acres Available at Substantial Discount Below Replacement Cost
  • Built in 2022; Former Family Dollar & Dollar Tree Combo Store with Open Floor, Rear Storage Room, and Side Door for Deliveries
  • Surrounding Traffic Generators: Brookshire Brothers, DG Market, USPS, West Sabine High & Elementary Schools, Georgia-Pacific, City Hall
  • Strategic Highway Frontage and Visibility on US Highway 96 with Traffic Counts of 3,608 VPD and Just off Timberland Hwy with 1,745 VPD
  • Attractive Demographics with Annual Household Income of ±$61,358 (10-Mile)

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail building located at 175 US Highway 96 N, Pineland, Sabine County, Texas 75968 (the “Property”). Formerly occupied by Family Dollar–Dollar Tree, the Property is being offered significantly below replacement cost, creating an excellent opportunity for owner-users or investors to secure a highly visible retail asset with direct highway frontage at a compelling basis. FIRST BID MEETS RESERVE! Built in 2022, the Property consists of a ±10,919-square-foot, single-story free-standing retail building situated on ±57,643 square feet (±1.323 acres) with a concrete surface parking lot with 27 spaces. Constructed to modern design standards, the building features an open retail floor plan and a flexible footprint suitable for a wide range of commercial uses. The site is strategically positioned with ±200 feet of frontage along US Highway 96 which sees approximately ±3,608 vehicles per day (VPD), ensuring visibility and accessibility. Previously operated in a dual-store format, the Property was leased to Family Dollar–Dollar Tree on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating rents in the range of $4-$5/SF NNN. Zoned C-2 (Second Commercial District), the Property accommodates a wide range of commercial uses, enhancing its appeal to both a diverse variety of end-users and investors alike. Pineland is located in Sabine County in east-Texas along U.S. Highway?96 and the Atchison, Topeka & Santa Fe Railway, giving the town solid regional connectivity. Its economic roots lie in the lumber and timber industry, originally established as a saw-mill camp in the early 1900s, which suggests infrastructure oriented toward industrial or service-support functions. The site is strategically located along US Highway 96 and just off Timberland Highway ensuring strong visibility and accessibility for both local residents and regional traffic. The 10-mi trade area has approximately ±4,578 residents with an average household income (AHHI) of ±$61,358, underpinned by the county’s role in timber and retail trade.

FOR SALE DETAILS

PRICE

$80,000 USD

PRICE/SF

$7 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction-REIT Sale | Fmr Family Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

-

APN/PARCEL ID

R000230271

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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Philip KatesMarcus & MillichapMore Info
305-206-1286

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