495 Kontiki Dr Tool, TX 75143
- Retail properties
- 10,500 SF
Current Use by Public Records
- Retail properties
Property Details for 495 Kontiki Dr
- Year built
- 2023
- Property size
- 10,500 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a newly constructed, 10,500-square-foot retail property in Tool, Texas. The building houses a combined Dollar Tree and Family Dollar store, operating under a triple-net (NNN) lease with a credit-rated, corporate-guaranteed tenant. The lease commenced July 1, 2023, and has a remaining term of approximately 8.9 years, extending to September 30, 2033, offering significant lease stability. The property boasts a strong net operating income (NOI) of $117,705, resulting in an attractive 7.40% capitalization rate. Built in 2023, this single-building property is situated at 495 Kontiki, Tool, TX 75143, conveniently located along a main highway in Henderson County, near the popular Cedar Creek Reservoir. The property offers six lease options, providing flexibility for future growth and investment strategies. This is a rare opportunity to acquire a high-performing, credit-backed retail investment with substantial remaining lease term in a desirable location. The asking price is $1,590,608.10.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tool
- County
- Henderson
- State
- Texas
- Longitude
- -96.1744
- Latitude
- 32.2736
