FD – Lancaster, TX
Fortis Net Lease is pleased to present this 8,320 SF Family Dollar store located in Lancaster, TX. The property is encumbered with an absolute NNN Lease, leaving zero landlord responsibilities. The lease contains a 10% rental increase in year 11 and contains additional six five (5) Yr. Options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BB+”, which is classified as Strong.
This Family Dollar is highly visible as it is strategically positioned on the intersection of Dallas Ave, and Telephone Rd, where the average daily traffic counts of 21,220. The five mile population from the site exceeds 126,000 while the one mile median household income exceeds $51,500 per year, making this location ideal for an Family Dollar. The one mile population is expected to grow by an additional 6.26% by 2021. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of an Family Dollar. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, one the nation’s top dollar stores. List price reflects a 5.85% cap rate based on NOI of $129,195. Texas broker of record, Avery Murrah, Stroudlink Realty Services.
• Average Daily Traffic Count of 21,220
• NNN Lease Zero Landlord Responsibilities
• 15 Year Term | Six (5 Year) Options
• One Mile Household Income $51,347
• Five Mile Population Exceeds 126,000
• Strong BB+ Grade Credit Rating
• Rare Major Texas MSA Offering
• Ideal Family Dollar Demographics
• One Mile Pop Growth of 6.26% by 2021