495 Kontiki DrTool, TX 75143

For Sale
$1,590,608.10
High-yield Dollar Tree/Family Dollar; 8.9 years remaining.

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional investment opportunity presents a newly constructed, 10,500-square-foot retail property in Tool, Texas. The building houses a combined Dollar Tree and Family Dollar store, operating under a triple-net (NNN) lease with a credit-rated, corporate-guaranteed tenant. The lease commenced July 1, 2023, and has a remaining term of approximately 8.9 years, extending to September 30, 2033, offering significant lease stability. The property boasts a strong net operating income (NOI) of $117,705, resulting in an attractive 7.40% capitalization rate. Built in 2023, this single-building property is situated at 495 Kontiki, Tool, TX 75143, conveniently located along a main highway in Henderson County, near the popular Cedar Creek Reservoir. The property offers six lease options, providing flexibility for future growth and investment strategies. This is a rare opportunity to acquire a high-performing, credit-backed retail investment with substantial remaining lease term in a desirable location. The asking price is $1,590,608.10.

Highlights

  • $1,590,608.10 asking price for a 10,500 SF retail storefront.
  • NNN lease with a credit-rated, corporate guarantee.
  • Single-tenant occupancy: Dollar Tree and Family Dollar.
  • 8.9 years remaining on a 10.3-year lease (commencing 07/01/2023, expiring 09/30/2033).
  • 7.40% cap rate with a $117,705 NOI.
  • New construction (2023) in Tool, TX.

Property Details for 495 Kontiki Dr

Property type
Retail properties, Retail space
Square Feet
10,500 SF
Year Built
2023
Buildings
1

Location Insight

City
Tool
County
Henderson
State
Texas
Latitude
32.2735658
Longitude
-96.1744244
495 Kontiki Dr, Tool, Texas

FAQs

What type of property is this?
Retail property - High-yield Dollar Tree/Family Dollar; 8.9 years remaining.
Where is the retail property located?
The property is located at 495 Kontiki Dr Tool, TX.
What is the asking price?
The asking price for this property is $1,590,608.10.
What are key features of this property?
This property features: $1,590,608.10 asking price for a 10,500 SF retail storefront.; NNN lease with a credit-rated, corporate guarantee.; Single-tenant occupancy: Dollar Tree and Family Dollar.
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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495 Kontiki Dr
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