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 & Spaces

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.

Location Insight

City

Whitney

County

Hill

State

Texas

Longitude

-97.3694

Latitude

31.9675