710 Tenaha St - Freestanding FOR SALE
Center, TX 75935 |
$763,933 USD
732-832-5414
710 Tenaha St
Center, TX 75935
HIGHLIGHTS
- List price of $763,933 yielding a 9.00% cap rate
- Exceptional Sales Performance: RARE lease including a sales-reporting provision. Tenant consistently achieves above average sales
- There are 4.25 years remaining on the lease including Five, 5-Year options to extend at 10% rental increases.
- The tenant has extended the lease over 3 times, showing their success and long-term commitment to this location.
- Corporate Guarantee from Family Dollar Corporation.
- Percentage Rent Upside: Investor has the opportunity to earn additional rent equal to 3.00% of sales exceeding the set threshold
FOR SALE DETAILS
PRICE
$763,933 USD
PRICE/SF
$90 USD /SF
CAP RATE
9%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Family Dollar
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2002
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.43 AC
LAND SF
62,225 SF
ZONING
-
APN/PARCEL ID
R23270
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732-832-5414
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732-832-5414
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