6975 US-69 - Convenience Store FOR SALE
Kountze, TX 77625 |
6975 US-69
Kountze, TX 77625
HIGHLIGHTS
- 6975 Highway 69, a 9,180-square-foot retail building, was built in 2020 for a Family Dollar/Dollar Tree combo store across a 1.7-acre corner lot.
- Over seven years remain on 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 brings in $89,400 annually in net operating income, boosted by locational cost-saving factors, as Texas has no state income tax.
- Landlord is only responsible for the roof, structure, and parking lot, and the tenant reimburses all expenses for parking lot maintenance.
- Positioned 25 minutes from Downtown Beaumont, 40 minutes from Port Arthur, and 90 minutes from Houston.
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Former Family Dollar
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Drug Store
TOTAL BUILDING SIZE
9180
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
28
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
001950-000525
