For Sale
$910,850

17025 Tx-154 Harleton, TX 75651

High-yield retail investment, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a 9,180-square-foot Family Dollar store located at 17025 TX-154, Harleton, TX 75651. The property sits on a 1.5-acre lot and boasts a strong 8.50% cap rate, generating a net operating income (NOI) of $77,422. Built in 2007, this single-tenant retail building is currently 100% occupied under a Net Net (NN) lease with a credit-rated, corporate guarantor (Dollar Tree Inc., S&P rating BBB). The lease commenced January 1, 2007, and expires December 31, 2027, leaving approximately 3.1 years remaining on the current term. The lease includes three 5-year options with 10% rent bumps. The asking price is $910,850, translating to $99.22 per square foot and $910,850 per unit. The tenant, a well-established national brand, has demonstrated commitment to the location by recently exercising lease options and accepting rent increases. The property benefits from its strategic location across from a local high school and elementary school, ensuring consistent customer traffic. This is a rare opportunity to acquire a stable, high-performing retail asset in a tax-free state. The property offers minimal landlord responsibilities, with no caps on insurance or property tax reimbursements.

Highlights

  • Family Dollar, 3+ years remaining lease term.
  • Net lease; minimal landlord responsibilities.
  • No caps on insurance or property tax reimbursements.
  • Family Dollar recently exercised lease options with rent increases.
  • Located in Texas (tax-free state).
  • High traffic location across from a high school and elementary school.

Property Details for 17025 Tx-154

Property type
Specialty properties, Retail properties
Square Feet
9,180 SF
Year Built
2007
Buildings
1
Lot Size (sq. ft)
65,340 SF
Units
1

Location Insight

City
Harleton
County
Harrison
State
Texas
Latitude
32.6756822
Longitude
-94.5742914

FAQs

What type of property is this?
Specialty property - High-yield retail investment, strong tenant.
Where is the specialty property located?
The property is located at 17025 Tx-154 Harleton, TX.
What is the asking price?
The asking price for this property is $910,850.
What are key features of this property?
This property features: Family Dollar, 3+ years remaining lease term.; Net lease; minimal landlord responsibilities.; No caps on insurance or property tax reimbursements.
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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17025 Tx-154
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