6975 Highway 69 S - Convenience Store FOR SALE
Kountze, TX 77625 |
6975 Highway 69 S
Kountze, TX 77625
HIGHLIGHTS
- 6975 Highway 69 is a 9,180-square-foot retail building built in 2020 for a Family Dollar/Dollar Tree Combo Store, situated on a 1.7-acre corner lot.
- Over seven years remain in the lease term, with six automatic, five-year options and predetermined rent escalations through 2060.
- Lease guaranteed by Dollar Tree, Inc, a publicly listed Fortune 500 Company, and Combo Stores achieve about 20% more sales than an individual brand.
- Passive investment opportunity bringing in $89,400/year in NOI, boosted by locational cost-saving factors as Texas has no state income tax.
- Landlord is responsible for the roof, the structure, and the parking lot, and the tenant will reimburse the parking lot maintenance costs.
- Well-positioned 25 minutes from Downtown Beaumont, 40 minutes from Port Arthur, and an hour and a half from Houston.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Motivated Seller! Family Dollar Combo Kountze
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Freestanding, Storefront, Supermarket
TOTAL BUILDING SIZE
9180
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
28
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
001950-000525
