3320 Highway 199 Springtown, TX 76082

Property Details for 3320 Highway 199

Year built

2024

Lot size

1.26 lot acres

Property size

10,000 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a brand-new, 10,000-square-foot Dollar Tree storefront in Springtown, Texas. Located at 3320 W Hwy 199, this property boasts a 10.1-year corporate lease (commencing January 1, 2024, and expiring January 31, 2034) with a strong corporate guarantee. The property features a 7.20% cap rate and a substantial net operating income (NOI) of $139,000. The building, constructed in 2024, includes a valuable 20-year roof warranty. The 1.26-acre lot is situated in a rapidly growing area, with an average household income exceeding $95,000 and projected population growth of 5-6% within a three-mile radius by 2027. The lease includes four, five-year renewal options with $0.50/SF rent bumps every five years. This single-tenant, net-lease property offers a secure, long-term investment with significant upside potential in a prime location along TX-199, providing easy access to Fort Worth, approximately 30 miles to the southeast. The property is part of the Dallas/Fort Worth MSA, benefiting from the region's robust economy and population growth. This is a rare opportunity to acquire a high-quality, newly constructed retail property anchored by a nationally recognized tenant.