For Sale
$1,500,250

201 Dumas Ave Dumas, TX 79029

Two-Tenant Retail Property, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
138
This fee-simple retail property in Dumas, TX, offers a compelling investment opportunity. The 4,200 square foot building is 100% occupied by AT&T and HTeaO, operating under NNN leases, minimizing landlord expenses. The property boasts a 6.00% cap rate and a strong NOI of $90,015, reflecting a $357.20 price per square foot. Built in 2005, the 0.52-acre lot includes 32 parking spaces and a convenient drive-thru. Located on S Dumas Ave, a high-traffic corridor with over 20,000 vehicles daily, the property benefits from excellent visibility and proximity to US Highway 87. The strategic location near a Walmart Supercenter, CVS, and other national retailers, along with its proximity to Dumas High School and a hotel hot spot, ensures high consumer traffic. The strong demographics of the 5-mile trade area, with over 15,600 residents and 7,100 daytime employees, and an average household income exceeding $79,100, further enhance the investment potential. The property's diverse tenant mix, including a restaurant and a retail tenant, provides resilience against e-commerce trends. The asking price is $1,500,250. This is a rare opportunity to acquire a well-located, stable, and high-performing retail investment.

Highlights

  • Fee-simple retail property in Dumas, TX, fully occupied by AT&T and HTeaO under NNN leases.
  • High-traffic location on S Dumas Ave, near US Highway 87, Walmart, CVS, and a hotel.
  • Strong national credit tenants with excellent visibility and accessibility; 32 parking spaces and drive-thru.
  • Strong demographics: 5-mile trade area with over 15,600 residents and 7,100 daytime employees, average household income exceeding $79,100.

Property Details for 201 Dumas Ave

Property type
Retail properties, Restaurants
Square Feet
4,200 SF
Year Built
2005
Lot Size (sq. ft)
22,651 SF

Location Insight

City
Dumas
County
Moore
State
Texas
Latitude
35.863996
Longitude
-101.9727273

FAQs

What type of property is this?
Retail property - Two-Tenant Retail Property, High NOI
Where is the retail property located?
The property is located at 201 Dumas Ave Dumas, TX.
What is the asking price?
The asking price for this property is $1,500,250.
What are key features of this property?
This property features: Fee-simple retail property in Dumas, TX, fully occupied by AT&T and HTeaO under NNN leases.; High-traffic location on S Dumas Ave, near US Highway 87, Walmart, CVS, and a hotel.; Strong national credit tenants with excellent visibility and accessibility; 32 parking spaces and drive-thru.
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.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
201 Dumas Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message