16315 Tx-124Beaumont, TX 77705

For Sale
$1,272,000
Family Dollar/Dollar Tree Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a 10,500 square foot, single-tenant, net-leased Family Dollar/Dollar Tree storefront in Beaumont, Texas. Built in 2021, this build-to-suit property boasts a 10-year lease (expiring March 31, 2031), with six five-year options, each including a $0.50 per square foot rent increase. The property sits on a 1-2 acre lot with excellent visibility and signage along Highway 124. The lease provides a strong corporate guarantee from a highly successful national retailer with over 16,000 locations. The current annual net operating income (NOI) is $105,000, representing an 8.25% cap rate and a price per square foot of $121.14. The property benefits from minimal landlord responsibilities and a recession-resistant tenant in a tax-free state. The average household income within a 5-mile radius exceeds $101,000, indicating a strong local market. This is a turnkey investment with significant upside potential due to the built-in rent escalations and the tenant's proven track record. The property's location, tenant strength, and lease terms make it an attractive addition to any portfolio.

Highlights

  • $1,272,000 asking price for a 10,500 SF net-leased Family Dollar/Dollar Tree storefront in Beaumont, TX.
  • New 2021 construction, build-to-suit combo prototype.
  • Highly successful Dollar Tree combo store concept.
  • 10-year lease with six 5-year options; $0.50/SF rent increases in each option period.
  • Corporate guarantee from Dollar Tree (BBB S&P rating); 16,000+ nationwide locations.

Property Details for 16315 Tx-124

Property type
Retail properties, Retail space
Square Feet
10,500 SF
Year Built
2021
Buildings
1
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Beaumont
County
Jefferson
State
Texas
Latitude
29.930161722145
Longitude
-94.247852179247
16315 Tx-124, Beaumont, Texas

FAQs

What type of property is this?
Retail property - Family Dollar/Dollar Tree Net Lease
Where is the retail property located?
The property is located at 16315 Tx-124 Beaumont, TX.
What is the asking price?
The asking price for this property is $1,272,000.
What are key features of this property?
This property features: $1,272,000 asking price for a 10,500 SF net-leased Family Dollar/Dollar Tree storefront in Beaumont, TX.; New 2021 construction, build-to-suit combo prototype.; Highly successful Dollar Tree combo store concept.
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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16315 Tx-124
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