205 SW 2nd St - Freestanding FOR SALE
Tulia, TX 79088 |
$887,000 USD
954-302-7365
205 SW 2nd St
Tulia, TX 79088
HIGHLIGHTS
- 17+ Year Operating History | Corporate Guaranteed | Options To Extend | Scheduled Rental Increases
- NN Leased | Fee Simple Ownership | No State Income Tax | Limited Landlord responsibilities
- Frontage On SW 2nd Street | Excellent Visibility & Access
- Surrounding Retailers | Strong Demographics In A 5-Mile Trade Area
- Nazareth Solar Development | Hornet Solar Development
OVERVIEW
• Family Dollar has operated at this location for over 17 years demonstrating their commitment to the site
• The lease is backed by a corporate guaranty from Family Dollar Stores of Texas, LLC with more than 7,000 locations nationwide
• There are 3 (5-year) option periods left for the tenant to exercise
• At the beginning of each option period there are 10% rental increases
FOR SALE DETAILS
PRICE
$887,000 USD
PRICE/SF
$95 USD /SF
CAP RATE
9%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Family Dollar - Tulia TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
35
LAND DETAILS
LAND ACRES
1.03 AC
LAND SF
44,867 SF
ZONING
C-2
APN/PARCEL ID
17654
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954-302-7365
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954-302-7365
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