224 S FM 1346 - Freestanding FOR SALE


La Vernia, TX 78121
$1,000,000 USD
715-505-1200
224 S FM 1346, La Vernia, TX for Sale
$1,000,000 USD
Freestanding - FOR SALE
1/9
null | 7.11% Cap Rate

224 S FM 1346
La Vernia, TX 78121


HIGHLIGHTS

  • Long-term triple-net lease with 18 years remaining and minimal landlord responsibilities
  • Leased to Dollar Tree, a nationally recognized and creditworthy retailer
  • Attractive 7.11% cap rate with scheduled rent increases every five years
  • Prime location along FM 1346 with strong visibility and steady traffic flow

OVERVIEW

MMG Real Estate Advisors is pleased to present the opportunity to acquire a Dollar Tree single-tenant retail property at 224 FM 1346, La Vernia, Texas, offered at $1,000,000 ($109 per square foot). This investment provides an attractive 7.11% cap rate, supported by a net operating income (NOI) of $71,145. The property is leased to Dollar Tree, a nationally recognized retailer, and benefits from its location in the rapidly growing San Antonio–New Braunfels MSA. Situated along FM 1346, a key retail and commuter route, the property enjoys high visibility and access to steady local and pass-through traffic. The area features strong demographics, with median household incomes above regional averages and a mix of owner-occupied and renter households. Population growth within a 15-mile radius further supports long-term investment potential. The Dollar Tree lease is triple-net (NNN), minimizing landlord responsibilities, with 18 years remaining and renewal options offering long-term stability. Rent increases averaging 6.5% every five years ensure predictable income. This offering provides a secure, cash-flowing investment with strong fundamentals, ideal for investors seeking low-management net-lease income in a growing suburban market.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$109 USD /SF

CAP RATE

7.11%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

NEC

APN/PARCEL ID

60448

ASK ABOUT THIS PROPERTY

Jeff BurgfechtelMMG - Natl. Net Lease TeamMore Info
715-505-1200

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Jeff BurgfechtelMMG - Natl. Net Lease TeamMore Info
715-505-1200

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