For Sale
$1,260,000

9343 2Nd St Batson, TX 77519

Family Dollar/Dollar Tree, 8% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
133
This fee-simple retail property in Batson, Texas, presents a compelling investment opportunity. The 10,488 square-foot building, constructed in 2021, houses a Family Dollar/Dollar Tree store operating under a corporate-guaranteed, net lease. The lease commenced August 1, 2021, and has a remaining term of 7.4 years, expiring March 31, 2032. The lease includes annual rent increases of $0.50 per square foot at the beginning of each option period, providing built-in inflation protection. The property boasts a strong 8.00% cap rate and a net operating income (NOI) of $100,800, with an asking price of $1,260,000 ($120.14 per square foot). Situated on a 0.92-acre lot with 37 parking spaces, the property is zoned for general commercial use and enjoys excellent visibility due to its location near the intersection of Main Street and State Highway 105, which sees a combined 9,200 vehicles per day. The property benefits from its proximity to West Hardin High School and a strong demographic profile within a 5-mile radius, including over 1,900 residents and 300 daytime employees, with an average household income of $77,430. The lack of competition within the immediate area further enhances the property's investment potential. The property's APN is 000016-002305.

Highlights

  • Dark site with corporate guarantee and investment-grade tenant.
  • Net-leased fee simple ownership with limited landlord responsibilities.
  • High-visibility location at a signalized hard corner intersection near Mt. Vernon High School with an established tenant.
  • Strong demographics within a 5-mile radius.

Property Details for 9343 2Nd St

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,488 SF
Year Built
2021
Lot Size (sq. ft)
40,075 SF

Location Insight

City
Batson
County
Hardin
State
Texas
Latitude
30.2493959
Longitude
-94.6031787

FAQs

What type of property is this?
Retail property - Family Dollar/Dollar Tree, 8% Cap Rate
Where is the retail property located?
The property is located at 9343 2Nd St Batson, TX.
What is the asking price?
The asking price for this property is $1,260,000.
What are key features of this property?
This property features: Dark site with corporate guarantee and investment-grade tenant.; Net-leased fee simple ownership with limited landlord responsibilities.; High-visibility location at a signalized hard corner intersection near Mt. Vernon High School with an established tenant.
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.
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9343 2Nd St
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