Angleton, TX - Dark Family Dollar

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dark Family
Dollar investment property located in Angleton, Texas. The tenant, Family Dollar Stores of Texas, LLC signed a 15-year lease with 6 (5-year) options to extend and approximately 7 years remaining, demonstrating their commitment to the site. The lease features a 10% rental increase after year 10 of the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The Dark Family Dollar is located at the signalized, hard corner intersection of W Mulberry St and State Hwy 274, combining to average over 30,000 vehicles passing by daily. The property also benefits from direct access to State Hwy 288 (35,000 VPD). W Mulberry St is a major retail thoroughfare serving the city of Angleton. The site is located 1 mile from H-E-B, one of the largest and most popular grocers in Texas. The asset is located in close proximity to a Walmart Supercenter and Kroger, with pads featuring McDonald’s, Wendy’s, Starbucks, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The site benefits from excellent visibility via significant street frontage and a large pylon sign along W Mulberry St. The property is in the center of a primary retail corridor with other nearby national/credit tenants including H-E-B, Walmart, Spec’s, Dollar General, Buc-ee’s, Whataburger, and many more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 25,200 with an average household income of $104,970.