3320 Highway 199, Springtown, TX 76082
- Retail properties & Spaces
- 10,000 SF
- 1.26 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 3320 Highway 199
- Year built
- 2024
- Lot size
- 1.26 lot acres
- Property type
- Retail properties & Spaces
- 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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springtown
- County
- Parker
- State
- Texas
- Longitude
- -97.7377
- Latitude
- 32.9773
