601 W Upshur Ave - Storefront FOR SALE
Gladewater, TX 75647 |
$499,000 USD
657-300-6631
601 W Upshur Ave
Gladewater, TX 75647
HIGHLIGHTS
- ±4 years remaining and two 5-year renewal options.
- Priced at $499,000 with a 9.00% cap rate and $44,550 annual NOI.
- Priced at $499,000 with a 9.00% cap rate and $44,550 annual NOI.
- ±7,830 SF building on ±0.49 acres along Gladewater’s main retail corridor.
- 10% rent increases in each renewal option period for long-term growth.
- Necessity-based retail model ensures consistent consumer demand in all cycles.
FOR SALE DETAILS
PRICE
$499,000 USD
PRICE/SF
$64 USD /SF
CAP RATE
9%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Family Dollar
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1961
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.49 AC
LAND SF
21,344 SF
ZONING
F1
APN/PARCEL ID
31830
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
657-300-6631
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
657-300-6631
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
