Current Use by Public Records
- Retail properties & Spaces
Property Details for 34900 Us-96
- Year built
- 2015
- Lot size
- 1.08 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fee-simple, absolute NNN leased Family Dollar store in Buna, Texas. The property, built-to-suit in 2015, sits on a 1.08-acre lot at 34900 US-96, boasting a prime location on a highway with over 14,900 vehicles passing daily. Benefiting from a corporate guaranteed lease with a remaining term of 5.9 years and six 5-year options, this investment offers significant long-term stability. The current lease commenced July 31, 2014, and expires September 29, 2030. The property generates a strong net operating income (NOI) of $110,601, resulting in an attractive 8.25% cap rate. The building is strategically located near other prominent businesses, including Sonic Drive-In, Valero Gas, and Papa Johns Pizza. The surrounding area demonstrates robust demographics, with an average household income exceeding $68,000 within a 5-mile radius and a projected 4% population growth within the next four years. This rare opportunity offers a secure, passive income stream with minimal landlord responsibilities, making it an ideal addition to any diversified investment portfolio. The asking price is $1,340,000. Jasper County, Texas zip code 77612.
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
- Buna
- County
- Jasper
- State
- Texas
- Longitude
- -93.9688
- Latitude
- 30.4444
