200 S State Highway 359 - Freestanding FOR SALE


Mathis, TX 78368
$1,403,000 USD
312-777-2442
200 S State Highway 359, Mathis, TX for Sale
$1,403,000 USD
Freestanding - FOR SALE
1/4
null | 8.5% Cap Rate

200 S State Highway 359
Mathis, TX 78368


HIGHLIGHTS

  • Absolute NNN Lease
  • Upcoming Rental Increase
  • Located Within Primary Retail Trade Area
  • Leading Dollar Store Operator
  • High Traffic Location
  • Multiple Access Points with Great Visibility

OVERVIEW

Northmarq, on behalf of ownership as its exclusive advisor is pleased to offer for sale the fee simple interest located at 200 South State Highway 359, Mathis, TX (the “Property”). Encompassing ±8,320 SF on ±0.96 acres, the Property represents recent 2016 construction and is occupied by Family Dollar. Family Dollar is operating under a 15-year lease with 6+ years remaining and absolute NNN expense structure with zero landlord responsibilities. The lease also includes 10% rental increases every 5 years. Given the 15-year lease, there is a contractual rental increase coming in 2026, which provides a significant boost to yield and hedge against inflation.

FOR SALE DETAILS

PRICE

$1,403,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

Commercial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Matt SpangenbergNorthmarqMore Info
312-777-2442

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Matt SpangenbergNorthmarqMore Info
312-777-2442

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