- 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).