204 Center st - Freestanding FOR SALE


Archer City, TX 76351
$1,540,000 USD
480-221-4221
204 Center st, Archer City, TX for Sale
$1,540,000 USD
Freestanding - FOR SALE
1/9
null | 7.5% Cap Rate

204 Center st
Archer City, TX 76351


HIGHLIGHTS

  • Brand New 10-Year Lease | Options To Extend
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Primary Retail Corridor | Close Proximity to Wichita Falls
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Family Dollar Tree investment property located in Archer City, Texas. The tenant, Family Dollar Stores of Texas, LLC, Inc recently signed a brand new 10-year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features rental increases of $0.50 per square foot at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$1,540,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar/Dollar Tree | 10yr Corp NN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

F1

APN/PARCEL ID

04400-00800-03200-000000

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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