289 Jim Sharp Blvd Kermit, TX 79745
- Retail properties
- 0.91 lot acres
Current Use by Public Records
- Retail properties
Property Details for 289 Jim Sharp Blvd
- Year built
- 2024
- Lot size
- 0.91 lot acres
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a brand-new, 10,000-square-foot Dollar Tree store in Kermit, Texas, situated on a 0.91-acre lot at 289 E Jim Sharp Blvd, 79745. Built in 2024 and boasting a 10-year corporate net lease with a credit-rated tenant and corporate guarantee, this property offers a strong 7.30% cap rate and a substantial net operating income (NOI) of $145,000. The lease commenced September 1, 2024, and expires August 31, 2034, providing a remaining term of 9.8 years. The property benefits from a prime location with exceptional visibility and high traffic counts, averaging 17,000 cars daily. The surrounding area demonstrates strong demographics, including a population of 3,800 within a one-mile radius. This location is further enhanced by its proximity to other national retailers like O'Reilly Auto Parts and Tractor Supply, a regional trade area, a hospital, and top-rated schools. The property's location in oil-rich West Texas offers a growing industry base and population, coupled with the benefit of no state income tax in Texas. Rent bumps and lease options are detailed in the offering memorandum. This is a rare opportunity to acquire a high-performing, low-risk net lease investment in a thriving market. The asking price is $1,986,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kermit
- County
- Winkler
- State
- Texas
- Longitude
- -103.083
- Latitude
- 31.8479
