405 S Main Ave - Freestanding FOR SALE
Monahans, TX 79756 |
$2,302,415 USD
817-328-5223
405 S Main Ave
Monahans, TX 79756
HIGHLIGHTS
- Dollar Tree and Family Dollar – 5+ Years Remaining on Current Leases
- 2 Separate Co-Terminus Leases - 19,267 Square Foot Building With Wall Separating the Tenants
- Attractive Lease Structures - Tenants pay Monthly Installments for Taxes/Insurance/CAM Rather Than Reimbursing at End of Year
- Ideally Located on Corner lot Along Monahan’s Main Thoroughfare
- Monahans is Located Directly Along I-20 - Just 35 Miles From Odessa and has a Population Around 7,500
- Strong Local Economy – Located in the Heart of the Permian Basin, Which is Responsible for a Third of US Oil Production
OVERVIEW
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a 2-Tenant Family Dollar & Dollar Tree in Monahans, TX. This property features two separate co-terminus leases in a 19,267 SF building divided by a wall between tenants, with 5+ years remaining on the current terms.
FOR SALE DETAILS
PRICE
$2,302,415 USD
PRICE/SF
$115 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Family Dollar & Dollar Tree – Separate Leases
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront, Storefront Retail/Office, Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.56 AC
LAND SF
24,394 SF
ZONING
F1
APN/PARCEL ID
0008328
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817-328-5223
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817-328-5223
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