For Sale
$1,684,000

4021 La Homa Rd Mission, TX 78574

High-Yield Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a 9,166 square foot, single-tenant Dollar Tree storefront in Mission, Texas. Located at 4021 La Homa Road, this property boasts a secure 10-year net lease (commencing July 1, 2024, and expiring June 30, 2034), offering 9.6 years of remaining lease term with a national credit tenant. The property, built in 2007 and renovated in 2024, sits on a 1.33-acre lot and includes 28 parking spaces. With 100% occupancy and a 7.35% cap rate, the asking price is $1,684,000 ($184 per square foot). The property benefits from a high-traffic location at a lighted intersection, conveniently situated near Palmview High School and Lloyd Bentson Elementary School. Mission, Texas, shows consistent population growth, promising a strong and expanding customer base. The annual rent is lower than the average for comparable Dollar Tree locations, mitigating risk and enhancing the investment's overall value. This presents a compelling opportunity for investors seeking a stable, high-yield retail investment, particularly those considering 1031 exchange strategies. No rent bumps are included in the lease.

Highlights

  • 9,166 SF Dollar Tree storefront with a new 10-year net lease (9.5 years remaining).
  • High-visibility location at a lighted intersection near Palmview High School and Lloyd Bentson Elementary School in Mission, TX.
  • Well-priced investment with below-average annual rent for comparable Dollar Tree locations, minimizing tenant turnover risk.
  • Strong investment opportunity due to Mission, TX's consistent population growth (1.13% annual growth within a 5-mile radius since 2010).
  • Ideal for 1031 exchange strategies.

Property Details for 4021 La Homa Rd

Property type
Retail properties, Retail space
Square Feet
9,166 SF
Year Built/Renovated
2007/2024
Buildings
1
Lot Size (sq. ft)
57,935 SF

Location Insight

City
Mission
County
Hidalgo
State
Texas
Latitude
26.259806240097
Longitude
-98.35764210541
4021 La Homa Rd, Mission, Texas

FAQs

What type of property is this?
Retail property - High-Yield Retail Investment Opportunity
Where is the retail property located?
The property is located at 4021 La Homa Rd Mission, TX.
What is the asking price?
The asking price for this property is $1,684,000.
What are key features of this property?
This property features: 9,166 SF Dollar Tree storefront with a new 10-year net lease (9.5 years remaining).; High-visibility location at a lighted intersection near Palmview High School and Lloyd Bentson Elementary School in Mission, TX.; Well-priced investment with below-average annual rent for comparable Dollar Tree locations, minimizing tenant turnover risk.
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].
4021 La Homa 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