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.
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.
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Contacts
Matthew Mousavi
Patrick R. Luther, CCIM
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Dumas Ave Dumas, TX 79029
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Dumas Ave Dumas, TX 79029
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201 Dumas Ave
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