Current Use by Public Records
- Retail properties & Spaces
Property Details for 315 15Th St
- Year built
- 2024
- Lot size
- 1.03 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,000-square-foot Dollar Tree store in Canyon, Texas. Built in 2024, the property boasts a strong 10-year net lease with a credit-rated, corporate guarantee from Dollar Tree Inc., commencing April 14, 2025, and expiring April 29, 2035. The lease includes six, five-year options with $0.50 per square foot rental increases. The property enjoys a 7.50% cap rate and a current net operating income (NOI) of $147,000, with a price per square foot of $196. Located on a 1.03-acre corner lot at 315 N 15th St (79015), the property benefits from high visibility on a major intersection with a combined daily traffic count of 27,720 vehicles. The surrounding area features a strong residential base with an average household income exceeding $101,000, proximity to West Texas A&M University, and other major retailers, ensuring consistent customer traffic. This single-tenant, 100% occupied property offers a secure and lucrative investment opportunity with minimal landlord responsibilities. The property is situated in a thriving community with a population exceeding 23,000 within a five-mile radius.
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
- Canyon
- County
- Randall
- State
- Texas
- Longitude
- -101.929
- Latitude
- 34.9857
