Extremely Attractive 8.50% Cap Rate: Stabilized investment delivering a strong 8.50% cap rate—ideal for investors seeking reliable, high-yield cash flow in a proven retail format.
2023 Build-to-Suit Construction: Brand-new 2023 build-to-suit construction specifically for Family Dollar, featuring modern design and infrastructure with minimal near-term capital requirements.
Long-Term Lease Term: ±8.25 years remaining on an initial 10-year lease, providing excellent income visibility and downside protection.
Corporately Guaranteed Lease: Full corporate guarantee by Family Dollar (Dollar Tree, Inc.), offering investment-grade credit quality and dependable payment performance.
Strong Population Support: 10-mile population of ±35,369 residents, ensuring a solid customer base for essential retail demand.
Affluent Trade Area Demographics: Average household income of $98,829 annually within 10 miles, supporting consistent consumer spending and tenant stability.
Prime South Texas Location: Taft is located in south Texas, just 20 minutes north of Corpus Christi—positioned in a growing corridor with access to major employment, residential, and commuter traffic from the Coastal Bend region.
Built-In Rent Escalations: $5,250 annual rent increases ($0.50/SF) across all five (5), 5-year renewal options, delivering predictable cash flow growth and inflation protection throughout the lease term and extensions.