Archer City, TX - Family Dollar Dollar Tree

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Family Dollar Tree investment property located in Archer City, Texas. The tenant, Family Dollar Stores of Texas, LLC, Inc recently signed a brand new 10-year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features rental increases of $0.50 per square foot at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

The property is located near the signalized, hard-corner intersection of N Center St and E Main St. N Center St is a major retail thoroughfare serving the city of Archer City and averages over 4,200 vehicles passing by daily. The asset is adjacent to Davis Supply, the largest hardware and farming store serving Archer City. In addition, the site is in close proximity to Archer City High School and Elementary School, combined to have an enrollment of over 780 students. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Dollar General, Dairy Queen, American National Bank & Trust, Allsups and more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. Archer City is located in Northern Texas, less than a 30 minute drive to Wichita Falls and a 3 hour drive from Dallas. The 5-mile trade area is supported by a population of over 1,700 residents and an average household income of $76,851.