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    405 Main Ave Monahans, TX 79756

    Sponsored
    For Sale
    $2,376,685

    Family Dollar & Dollar Tree Net Lease

    Property size:
    19,267 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity features a 19,267 square foot retail building in Monahans, Texas, occupied by two credit-rated tenants: Family Dollar and Dollar Tree. Both tenants operate under separate, co-terminus net leases with approximately 7.1 years remaining until expiration (December 30, 2031). The leases commenced December 31, 2020, and feature attractive monthly payment structures for taxes, insurance, and CAM charges. The property boasts 100% occupancy, generating a strong net operating income (NOI) of $184,193, resulting in a 7.75% cap rate. Situated on a 0.56-acre corner lot along Monahans' main thoroughfare, this property benefits from high visibility and convenient access. Built in 2020, the building is well-maintained and features a wall separating the two tenant spaces. The asking price is $2,376,685, translating to $123.36 per square foot. Monahans' location along I-20, just 35 miles from Odessa, and its position within the Permian Basin's robust oil economy, contribute to the property's strong investment potential. This fee-simple ownership offers a secure and profitable addition to any portfolio. The property's strategic location and strong tenant base make it an attractive investment opportunity with significant long-term growth potential.

    Property Features for 405 Main Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    19,267 SF
    Lot Size
    24,394 SF

    Building Details

    Year Built
    2020
    Buildings
    1
    Units
    1

    HighLights

    • Dollar Tree and Family Dollar anchored, 7+ years remaining on NNN leases.
    • 19,267 SF building with two separate, co‑terminus tenant spaces.
    • NNN leases; tenants responsible for all taxes, insurance, and CAM charges.
    • Favorable lease structure with monthly tax, insurance, and CAM payments.
    • Corner lot location on Monahans' main thoroughfare.
    • High‑traffic location on I‑20, 35 miles from Odessa, serving a population of ~7,500.
    Property Profile Location Intelligence

    Current Use by Public Records

    Whaley Jessica Medical Clinic Family Dollar Dollar Store Mr. William Dodson Physical Therapist Speed J C Nursing Agency Paradigm Physical Therapy Physical Therapist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monahans
    County
    Ward
    State
    Texas
    Longitude
    -102.89199776642
    Latitude
    31.591306646318

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    FAQs

    What type of property is this?
    Individual retail property - Family Dollar & Dollar Tree Net Lease
    Where is this individual retail property located?
    The property is located at 405 Main Ave Monahans, TX.
    What is the asking price?
    The asking price for this property is $2,376,685.
    What are key features of this property?
    This property features: Dollar Tree and Family Dollar anchored, 7+ years remaining on NNN leases.; 19,267 SF building with two separate, co-terminus tenant spaces.; NNN leases; tenants responsible for all taxes, insurance, and CAM charges.
    Request Owner's contact information
    405 Main Ave Monahans, TX 79756
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    405 Main Ave Monahans, TX 79756
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