Fm 1713 & Tulip Ln Whitney, TX 76692
- Retail properties
- 10,500 SF
- 1.01 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Fm 1713 & Tulip Ln
- Year built
- 2023
- Lot size
- 1.01 lot acres
- Property size
- 10,500 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a brand-new, 10,500-square-foot Family Dollar and Dollar Tree combo store located in Lake Whitney, Texas. Built in 2023, the property sits on a 1.01-acre lot at the intersection of FM 1713 and Tulip Lane, benefiting from high visibility and approximately 5,000 cars per day. The property features a 10-year net lease with a corporate guarantee from Dollar Tree, Inc., providing significant security and stability. The lease commenced November 16, 2023, and expires November 30, 2033, with four, five-year renewal options, each including a $0.50 per square foot rent increase. The current net operating income (NOI) is $110,250, resulting in a compelling 7.75% capitalization rate. The property boasts 100% occupancy and benefits from the combined strength of two well-established brands. Located 16 miles west of Hillsboro, the property enjoys proximity to a dense retail corridor and a population with an average household income exceeding $70,500 within a ten-mile radius. The location also benefits from its proximity to local resorts and Lake Whitney, attracting significant tourism. The building includes a 20-year roof warranty. This is a rare opportunity to acquire a high-performing retail asset with a strong tenant and significant long-term growth potential. The asking price is $1,422,500.
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
- Whitney
- County
- Hill
- State
- Texas
- Longitude
- -97.3694
- Latitude
- 31.9675
