Overview

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, freestanding, corporate guaranteed (S&P: BBB), Family Dollar/Dollar Tree investment property located in Batson, Texas. The investment grade tenant, Family Dollar Stores of Texas, LLC, has over 8 years remaining in their first term with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features rental increases of $0.50 PSF/Year at the beginning of each option period, growing NOI and hedging against inflation. The corporate guaranteed lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Dollar Tree, a Fortune 200 company, operated 16,340 stores across 48 states and five Canadian provinces as of January 28, 2023.

The Family Dollar/Dollar Tree is located near the signalized, hard corner intersection of Main St. and State Hwy 105 which averages a combined (9,200 VPD). The site benefits from excellent visibility via significant street frontage and a large pylon sign along State Hwy 105. The site benefits from close proximity to West Hardin High School (264 students), further increasing consumer traffic to the site. Additionally, there is virtually no competition in the surrounding 5-mile trade area, creating a large consumer draw for the store. The 5-mile trade area is supported by more than 1,900 residents and 300 daytime employees. Residents within a 5-mile radius boast an average household income of $77,430.

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