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.