315 Texas Highway 37 - Freestanding FOR SALE


Mount Vernon, TX 75457
$1,620,000 USD
972-860-9950
315 Texas Highway 37, Mount Vernon, TX for Sale
$1,620,000 USD
Freestanding - FOR SALE
1/3
null | 7.76% Cap Rate

315 Texas Highway 37
Mount Vernon, TX 75457


OVERVIEW

2023 Construction Build Dollar Tree with 9 Years of Initial Term with 6 (5 year) Options Ideal Location for Dollar Tree – 3,772 Residents within 10 Mile Population Minimal Landlord Responsibilities – Tenant Fully Responsible for HVAC Repairs and Replacement Concrete Parking Lot and New Building Yield Minimal Landlord Responsibilities Strong Corporate Guaranty by Investment Grade Tenant, Family Dollar. ($FDO), With an S&P Credit Rating of BBB Excellent Visibility Along TX-37 – over 9,000 VPD with Easy Access from either Direction Surrounding Retailers include Brookshire’s, McDonald’s, Starbucks, Dollar General, Sonic, Golden Chick, and More

FOR SALE DETAILS

PRICE

$1,620,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

7.76%

% 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

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

R-3

APN/PARCEL ID

28

ASK ABOUT THIS PROPERTY

Jason VitorinoSUMMIT REMore Info
972-860-9950

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

Jason VitorinoSUMMIT REMore Info
972-860-9950

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