225 E Loop 255 - Freestanding FOR SALE
Teague, TX 75860 |
225 E Loop 255
Teague, TX 75860
HIGHLIGHTS
- Store being expanded and rebranded as a new combination Family Dollar/Dollar Tree Store
- Family Dollar/Dollar Tree combination stores have a 20% increase in store sales
- Double Net (NN) lease for newly expanded Family Dollar/Dollar Tree combination store
- New 10-year lease commences 05/01/2023
- Annual NOI of $105,000 and low annual rental rate of $10.00 per square foot, provide affordable and sustainable tenant rent
- Five (5-yr) renewal options with $0.50 per square foot scheduled rental increases
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Family Dollar
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Convenience Store, Storefront Retail/Residential
TOTAL BUILDING SIZE
10500
STORIES
1
YEAR BUILT
2012
SPRINKLERS
-
PARKING SPACES
23
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
9859
