3911 W Oak St - Retail FOR SALE


Palestine, TX 75801
$1,400,000 USD
561-310-0935
3911 W Oak St, Palestine, TX for Sale
$1,400,000 USD
Retail - FOR SALE
1/6
null | 6.7% Cap Rate

3911 W Oak St
Palestine, TX 75801


OVERVIEW

The Goldstein Group is pleased to present this excellent, NN Dollar Tree store located at 3911 West Oak St, Palestine, Texas, roughly a 1.5 hour drive south of Dallas, TX. The property is encumbered with a ten (10) year double net lease, leaving minimal landlord responsibilities. The lease contain Three (5) year options to renew, each with $0.50 PSF rent increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB-” which is classified as investment grade. This Dollar Tree is highly visible as it is strategically positioned on a corner of Oak St (which sees 12,600 vehicles per day). The building is located on a main artery feeding Palestine. The five mile population is nearly 24,000+ with the two mile average household income at $55,282. These are ideal demographics for a Dollar Store. The five mile average home value exceeds $100,000. This investment will offer a new owner success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$133 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

-

APN/PARCEL ID

R43916

ASK ABOUT THIS PROPERTY

Martin GoldsteinThe Goldstein Group (MRG Associates, LLC)More Info
561-310-0935

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Martin GoldsteinThe Goldstein Group (MRG Associates, LLC)More Info
561-310-0935

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