FAMILY DOLLAR Houston, Texas USA Area

Dollar Store
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Highlights

  • Price: $2,030,000
  • Tenant: Family Dollar
  • Lease type: Triple Net
  • Annual Rent: $116,700
  • Square feet: 8,300
  • Yield ( Cap Rate ): 5.75%
  • Lease Term: 15 years
  • Rent per S.F.: $14.10
  • Extension Options: Six 5-year
  • Rental Increases: 5% in year 10

Description

The property for sale is a single-tenant Family Dollar store in Houston, Texas USA. This store has a 15-year absolute net lease, so that tenant is responsible for all maintenance. The lease has a 5% rental increase in year 10 of the lease term. There are approximately 170 Family Dollar stores in the Houston area. Houston is a top-performing market for Family Dollar. This Family Dollar store benefits from convenient access to a major roadway.