Family Dollar Tree – Archer City, TX
Fortis Net Lease is pleased to present this brand new built-to-suit 10,500 SF Dollar Tree& Family Dollar Hybrid store located in Archer City, TX. The property is encumbered witha ten (10) year double net lease, leaving minimal landlord responsibilities. The leasecontains four (5) year options to renew, each with $0.50 PSF rent increase. The lease iscorporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB”which is classifi ed as investment grade.
This Store is highly visible as it is strategically positioned on North Center St, which is the highest-trafficked road in Archer City. The five-mile population is 1,298 with a three-mile average household income of $53,634. These numbers are above average for the typical Dollar Store.
This investment will offer a new owner success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. The list price reflects a 6.90% cap rate based on NOI of $115,500.
INVESTMENT HIGHLIGHTS
• New Dual Tenant Concept | Brand New Lease
• Combo Stores See 20% Increase in Revenue!
• The Store is Positioned On North Center St
• 10-Year NN Lease Requiring Minimal Landlord Responsibilities
• Four- (5 Yr) Options | $0.50 Rental Rate Increase
• Investment Credit Tenant | Standard & Poor’s: ‘BBB’
• Three Mile Average Household Income of $53,634
• The Store Out Positions Other Retailers | Main Retail Artery
Instate Broker of Record: Brian Brockman | Bang Realty