Current Use by Public Records
- Family Dollar / Discount Store
- Primo Water Refill / Big Box & Wholesale Store
Property Details for 608 Pan American Dr
- Year built
- 2010
- Lot size
- 0.48 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This 8,400 square foot Family Dollar store in Livingston, Texas, presents a compelling investment opportunity. Located at 608 Pan American Dr, 77351, this single-tenant, gross lease property boasts a strong 7.00% cap rate and 100% occupancy. Built in 2010, the property sits on a 0.48-acre lot and offers ample parking (4.6 spaces per 1,000 sq ft). The asking price is $900,000, translating to $107.14 per square foot. The lease has 3 years remaining. This location benefits from high visibility, situated in a 66,000 square foot shopping center anchored by Boot Barn, and enjoys significant traffic volume (nearly 30,000 vehicles per day) at a major intersection. The tenant, Family Dollar, is an institutional-grade tenant with a strong financial profile (S&P credit rating of BBB, $24.65B market capitalization, and $30.6B in fiscal year 2023 consolidated net sales). This property is a prime example of a stable, high-return retail investment. The property is a single building within a larger shopping center. The property type is retail, specifically categorized as a grocery store, shopping center, and storefront.
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
- Livingston
- County
- Polk
- State
- Texas
- Longitude
- -94.9483
- Latitude
- 30.6895
