This listing is under contract.

Family Dollar Investment Opportunity - El Paso, TX

406 South Stanton Street El Paso, TX 79901

406 South Stanton Street, El Paso, TX, 79901
406 South Stanton Street, El Paso, TX, 79901 406 South Stanton Street, El Paso, TX, 79901 406 South Stanton Street, El Paso, TX, 79901 406 South Stanton Street, El Paso, TX, 79901 406 South Stanton Street, El Paso, TX, 79901 406 South Stanton Street, El Paso, TX, 79901
UNDER CONTRACT FOR SALE NNN Property
Property Type:
Street Retail
Amount:
$1,548,000
Cap Rate:
7.75%
Last Verified:
Feb 07, 2020

 

NEW Asking Price - $1,548,000 Property Type - Retail
Investment Type - Net Lease Lease Type - Net
Tenancy - Single  Square Footage - 10,060 SF
Net Rentable (SF) - 10,060 SF Price PSF - $159.05
Cap Rate - 7.75% Occupancy - 100%
Current NOI - $120,508.00 Units - 1
Year Built - 1950 Year Renovated - 2000
Stories - 1 Lot Size (SF) - 10,200 SF
APN - C050-999-1370-6400 Ownership - Fee Simple

NEW ASKING PRICE $1,548,000 (reduced from $1,600,000)

Family Dollar is a subsidairy of Dollar Tree (NASDAQ: DLTR) and is a leading discount variety store chain. This Famiy Dollar is located just blocks from the Mexico border. This strategic location allows the store to attract customers from both the United States and Mexico with approximately 110,000 vehicles and 50,000 pedestrians entering El Paso through the Stanton Street Bridge monthly just blocks away. 

The store has been at this location for over 19 years opening in 2000. This store is one of the few Family Dollar store in the country required by the lease to report store sales. This offers an investor the ability to earn a very attractive return with complete transparency and reduced risk. 

As a testament to the strength of this location the store recently executed their next 5-year extension over 18 months early. The current term expires 12/31/2025 with two additional 5-year options each with 10% rent increases.  


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Map of 406 South Stanton Street, El Paso, TX, 79901

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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