Property summary
This exceptional investment opportunity presents a newly constructed, 10,500-square-foot retail property in Kempner, Texas. The building houses a combined Family Dollar and Dollar Tree store, operating under a single, corporate-guaranteed net lease. With a remaining lease term of 9.2 years (expiring January 31, 2034), this property offers stable, predictable income. The lease commenced September 11, 2023, and boasts 100% occupancy. Located at 12128 E US Hwy 190, this prime location in Lampasas County offers excellent visibility and ample parking. The property sits on a 0.82-acre lot and features a strong net operating income (NOI) of $127,680, resulting in an attractive 7.40% cap rate. The asking price is $1,725,405.40, translating to a price per square foot of $164.32. This is a turnkey investment ideal for passive income seekers, offering a secure and profitable addition to any portfolio. The property's construction year is 2023. Four lease options are available.
Property profile
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6 recent transactions · within 1.5 miComparable in this City
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Property description
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Zoning
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