206 W Cleveland St - Freestanding FOR SALE


Hale Center, TX 79041
$939,320 USD
925-348-1844
206 W Cleveland St, Hale Center, TX for Sale
$939,320 USD
Freestanding - FOR SALE
1/1
null | 9.25% Cap Rate

206 W Cleveland St
Hale Center, TX 79041


HIGHLIGHTS

  • Net Lease – Landlord Responsible for Roof & Structure Only
  • Corporate Guarantee – Family Dollar Stores, Inc.
  • Highly Visible Site Along West Cleveland Avenue
  • Close Proximity to U.S. Highway 27
  • Neighboring Tenants include Lowe's Market, Allsup's Convenience Store, Good Neighbor Pharmacy, Luis Tire Shop, Brown Sugar and Lace Boutique, Rawhide

OVERVIEW

The Kase Group is pleased to present the opportunity to acquire a net-leased Family Dollar located at 206 West Cleveland Avenue in Hale Center, Texas. The property consists of an ±8,320 square foot freestanding building with excellent visibility along the town’s primary commercial corridor. Hale Center is situated in central Hale County and functions as a local hub for surrounding rural communities. The lease is corporately guaranteed by Family Dollar Stores, Inc. and structured as a Net Lease with minimal landlord responsibilities limited to roof and structure. The current term runs through September 30, 2028, and includes six (6) additional five-year renewal options with no rental increases during the base or option periods. The property is ideally positioned with close proximity to U.S. Highway 27 and surrounded by key area businesses including Lowe's Market, Allsup's Convenience Store, Good Neighbor Pharmacy, Luis Tire Shop, Brown Sugar and Lace Boutique, Rawhide Dairy, K & W Equipment, and Helena Chemical Company.

FOR SALE DETAILS

PRICE

$939,320 USD

PRICE/SF

$113 USD /SF

CAP RATE

9.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Net Leased Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

35,000 SF

ZONING

-

APN/PARCEL ID

14406

ASK ABOUT THIS PROPERTY

Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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