Current Use by Public Records
- Family Dollar / Discount Store
Property Details for 1326 Us Highway 67
- Year built
- 2021
- Lot size
- 1.00 lot acres
- Property type
- Specialty properties
- Property subtype
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a fee-simple ownership of a 9,180 square foot Family Dollar store in Big Lake, Texas. Located at 1326 E US Hwy 67, this property boasts a prime location with excellent visibility and accessibility along a major highway, just one mile from Big Lake Airport Reagan County. The property features a Net Net (NN) lease with a credit-rated, corporate-guaranteed tenant, ensuring consistent cash flow. The current lease, commenced February 27, 2021, has a remaining term of 6.9 years, extending to September 29, 2031. Six 5-year lease options are included, each with a 5% rent increase. The property's strong performance is reflected in its 7.75% cap rate and a current NOI of $98,000. Built in 2021, this single-unit building sits on a one-acre lot. The asking price is $1,264,516, translating to $137.75 per square foot and the same price per unit. The tenant is responsible for all repairs and replacements, including HVAC, making this a truly passive investment opportunity. This property offers a compelling combination of strong tenant, favorable lease terms, and a high-yield return, making it an ideal addition to any investment portfolio.
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
- Big Lake
- County
- Reagan
- State
- Texas
- Longitude
- -101.447
- Latitude
- 31.1906
