For Sale
$736,590

113 Access Rd Clyde, TX 79510

8,000 SF Net Lease Retail Property

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar store located at 113 S Access Rd, Clyde, TX 79510, within the Abilene MSA. The 8,000 square foot building, constructed in 2003, sits on a 0.67-acre lot and boasts 100% occupancy with a strong credit-rated corporate guarantee. The current lease, commencing August 13, 2003, and expiring December 31, 2026, offers a remaining term of approximately 2.1 years. Two 5-year lease options exist, with rent bumps of 21% and 10% respectively. The property generates a substantial net operating income (NOI) of $58,927, yielding an attractive 8.00% cap rate at an asking price of $736,590 ($92.07 per square foot). The tenant is responsible for HVAC repairs/replacements, property taxes, and there are no caps on insurance reimbursement, creating a landlord-friendly lease structure. The property benefits from excellent visibility along Interstate 20, just 15 miles east of Abilene. This is a rare opportunity to acquire a well-performing, established retail property with significant upside potential. The Family Dollar tenant recently exercised a lease option, paying the full 10% rent increase without landlord concessions, demonstrating their commitment to the location.

Highlights

  • Net-leased Family Dollar in Abilene MSA, Texas. Proven track record.
  • Family Dollar recently exercised lease option with full 10% rent increase, no landlord concessions.
  • Next option offers attractive 21% rent increase.
  • Landlord-friendly lease: tenant pays property taxes and insurance (no caps).
  • Tenant responsible for HVAC.
  • Excellent Interstate 20 visibility, 15 miles east of Abilene.

Property Details for 113 Access Rd

Property type
Specialty properties, Retail properties
Square Feet
8,000 SF
Year Built
2003
Buildings
1
Lot Size (sq. ft)
29,185 SF

Location Insight

City
Clyde
County
Callahan
State
Texas
Latitude
32.4121813
Longitude
-99.4963583

FAQs

What type of property is this?
Specialty property - 8,000 SF Net Lease Retail Property
Where is the specialty property located?
The property is located at 113 Access Rd Clyde, TX.
What is the asking price?
The asking price for this property is $736,590.
What are key features of this property?
This property features: Net-leased Family Dollar in Abilene MSA, Texas. Proven track record.; Family Dollar recently exercised lease option with full 10% rent increase, no landlord concessions.; Next option offers attractive 21% rent increase.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
113 Access Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message