408 Cowboy Way - Freestanding FOR SALE


Plains, TX 79355
$1,009,406 USD
925-348-1844
408 Cowboy Way, Plains, TX for Sale
$1,009,406 USD
Freestanding - FOR SALE
1/1
null | 9.25% Cap Rate

408 Cowboy Way
Plains, TX 79355


HIGHLIGHTS

  • Net Lease – Landlord Responsible for Roof & Structure Only
  • Corporate Guarantee – Family Dollar Stores, Inc
  • Highly Visible Site Along U.S. Highway 82
  • Surrounding Tenants include Dairy Queen, Lowe’s Market, Uncle’s, Ole Mexican Foods, West Texas Gas, and More
  • Close to Plains High School (134 Students)

OVERVIEW

The Kase Group is pleased to present the opportunity to acquire a net-leased Family Dollar located at 408 Cowboy Way (U.S. Highway 82) in Plains, Texas. The property consists of an ±8,320 square foot freestanding building with excellent visibility along the town’s primary commercial corridor. Plains serves as the county seat of Yoakum County and functions as a central hub for surrounding rural communities, offering a steady flow of local and regional traffic. The lease is corporately guaranteed by Family Dollar Stores, Inc. and structured as a Net Lease with minimal landlord responsibilities limited to roof and structure. The current term runs through June 30, 2028, and includes five (5) additional five-year renewal options with no rental increases during the base or option periods. The property is strategically positioned near several key retailers and service providers—including Dairy Queen, Lowe’s Market, Uncle’s Convenience Store, Roger Tires & Welding, Gonzales Tire Services, Anderson Produce, West Texas Gas, and Ole Mexican Foods—as well as Plains High School, which is located approximately half a mile from the property.

FOR SALE DETAILS

PRICE

$1,009,406 USD

PRICE/SF

$121 USD /SF

CAP RATE

9.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Net Leased Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,224 SF

ZONING

-

APN/PARCEL ID

2938

ASK ABOUT THIS PROPERTY

Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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