113 Access RdClyde, TX 79510

  • Other commercial real estate
  • 20,205 SF
For Sale
$736,590 View listing

Property Details for 113 Access Rd

Year built
2003
Lot size
0.81 AC
Property size (Sq ft)
20,205 SF
Property type
Other commercial real estate
APN
R000015621
APU
R000015621

Description

This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar store located at 113 S Access Rd, Clyde, TX 79510, within the Abilene MSA. The 8,000 square foot building, constructed in 2003, sits on a 0.67-acre lot and boasts 100% occupancy with a strong credit-rated corporate guarantee. The current lease, commencing August 13, 2003, and expiring December 31, 2026, offers a remaining term of approximately 2.1 years. Two 5-year lease options exist, with rent bumps of 21% and 10% respectively. The property generates a substantial net operating income (NOI) of $58,927, yielding an attractive 8.00% cap rate at an asking price of $736,590 ($92.07 per square foot). The tenant is responsible for HVAC repairs/replacements, property taxes, and there are no caps on insurance reimbursement, creating a landlord-friendly lease structure. The property benefits from excellent visibility along Interstate 20, just 15 miles east of Abilene. This is a rare opportunity to acquire a well-performing, established retail property with significant upside potential. The Family Dollar tenant recently exercised a lease option, paying the full 10% rent increase without landlord concessions, demonstrating their commitment to the location.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $6,371,362
    Hospitality
    $5,836,134
    Educational
    $4,855,594
    Medical
    $5,022,586
    Retail
    $7,553,147
113 Access Rd, Clyde, Texas

Location Insight

City
Clyde
County
Callahan
State
Texas
Latitude
32.4123
Longitude
-99.4963
CBSA code
10180
CBSA name
ABILENE, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$6,846
$28,350
$242,310
$270,660
-
$28,350
$242,310
$270,660

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