113 Access RdClyde, TX 79510
- Other commercial real estate
- 20,205 SF
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
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
Comparable in this City
Similar Nearby for Sale
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