For Sale
$1,300,000

600 Frankston Hwy Frankston, TX 75763

High-Yield Texas Convenience Store Investment

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a 8,000 square foot Family Dollar store in Frankston, Texas. Built in 2011, the property sits on a 0.8-acre lot at 600 N Frankston Hwy, 75763, enjoying high visibility and daily traffic of 12,982 vehicles. Currently operating under a triple-net (NN) lease with a corporate guarantee, the tenant has recently exercised their initial five-year option, extending the lease to January 31, 2028. Five additional five-year renewal options remain, each with a 10% rent increase. The current asking price is $1,300,000, representing a price per square foot of $162.50 and a compelling 7.03% cap rate based on a Net Operating Income (NOI) of $91,410. The landlord is responsible for roof, structure, and parking lot maintenance, while the tenant covers HVAC, CAM, taxes, and insurance. This strong-performing Family Dollar location offers a secure, long-term investment with significant upside potential due to the built-in rent escalations and multiple lease options. The property's prime location and the tenant's financial strength make this a highly attractive offering for discerning investors seeking stable income and appreciation. The 100% occupancy ensures immediate cash flow. This is a rare opportunity to acquire a well-established, high-performing retail property with a national tenant in a desirable Texas market.

Highlights

  • Strong performing Family Dollar lease renewed in 2023.
  • Five (5) 5-year lease options available.
  • High traffic count: 12,982 vehicles per day.
  • Double-Net (NN) lease structure.

Property Details for 600 Frankston Hwy

Property type
Retail properties, Retail space
Square Feet
8,000 SF
Year Built
2011
Lot Size (sq. ft)
34,848 SF

Location Insight

City
Frankston
County
Anderson
State
Texas
Latitude
32.0560101
Longitude
-95.5038064

FAQs

What type of property is this?
Retail property - High-Yield Texas Convenience Store Investment
Where is the retail property located?
The property is located at 600 Frankston Hwy Frankston, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Strong performing Family Dollar lease renewed in 2023.; Five (5) 5-year lease options available.; High traffic count: 12,982 vehicles per day.
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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600 Frankston Hwy
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