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1606 N Navarro St, Victoria, TX, 77901

FAMILY DOLLAR
$722,223

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Highlights

INVESTMENT HIGHLIGHTS

LEASE & LOCATION

  • Long-Term Tenancy by National Retailer – Family Dollar has successfully operated at this location since 2017, demonstrating location stability and tenant commitment.
  • Double Net (NN) Lease Structure – Tenant is responsible for property taxes, insurance, and maintenance, reducing landlord responsibilities and expense exposure.
  • Recent Capital Improvements – Roof replacement completed within the past five years, minimizing near-term capital expenditure risk.
  • Strong Visibility Along Major Retail Corridor – Positioned on Interstate 77, a primary arterial route in Victoria with daily traffic counts nearing 20,000 vehicles, enhancing exposure and access.
  • Proximity to National Retailers – Located near established brands such as Taco Bell, UPS, Chick-fil-A, and Whataburger, supporting sustained consumer traffic and synergistic tenant synergy.
  • High Initial Yield – Offered at a 9% cap rate on day one, with approximately three years of remaining lease term, providing immediate income generation and attractive cash-on-cash returns.
  • Accessible Price Point – Offered below $1 million, presenting a rare opportunity for investors seeking stabilized income at a lower basis.

Location

Agents

Broker of Record

Patrick Graham

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

Key Information

Cap Rate
9%
Tot. SF
10,000
Year Built
1985/ R 2020
Term Remaining
±2.9 YRS
Type
Retail