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710 Tenaha St, Center, TX, 75935

Family Dollar
$763,933

Key Information

Cap Rate
9%
$ per SF
$107
Year Built
2002
Term Remaining
±6.25 YRS
Type
Retail
NOI
$68,754
Leasable Area
8,000

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 (contact broker for details).
  • 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, providing future income upside and participation in the tenant’s success.
  • 8,000 SF building situated on a 1.16 acre parcel with over 135’ of frontage and excellent visibility.
  • 2002 built-to-suit construction for Family Dollar. The property has a concrete parking lot including 32 spaces and has been kept in good condition.
  • NN lease with minimal landlord responsibilities
  • County Seat Location: Center serves as the county seat of Shelby County, drawing consistent traffic from regional government, healthcare, and education users.
  • Strategic Highway Access: Property is just off US-96 and TX-87, providing direct links to the larger East Texas region and key markets such as Nacogdoches, Lufkin, and Shreveport.

Edward DeSimone (In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code).

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225