1001 Main St, Quanah, TX 79252-5533
- Commercial real estate
- 9,244 SF
- 0.80 lot acres
Current Use by Public Records
- Family Dollar / Discount Store
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
Property Details for 1001 Main St
- Year built
- 1970
- Lot size
- 0.80 lot acres
- Property type
- Commercial real estate
- APN
- 5439
- APU
- 5439
Description
This exceptional investment opportunity presents a fee-simple, single-tenant, net-leased convenience store/grocery store in Quanah, Texas. The property, a 8,015 square foot building constructed in 2018, is 100% occupied by a Family Dollar store under a corporate guarantee. The lease, with a remaining term of approximately 3.4 years, expires March 31, 2028. The property boasts a strong 9.00% cap rate and a NOI of $77,500, with a price per square foot of $107.42. Located at 1001 S Main St, Quanah, TX 79252, this strategically positioned property sits on a 0.8-acre lot at a signalized intersection with over 16,000 cars passing daily. The building benefits from a transferable roof warranty and limited landlord responsibilities (roof and structure only). The tenant, Family Dollar, is a major corporation with over 8,000 locations and $10+ billion in annual revenue, providing significant financial stability. The property's proximity to Quanah High School (300+ students) and Hardeman County Memorial Hospital (Level IV Trauma Center) further enhances its desirability and long-term potential. This is a rare opportunity to acquire a high-yield, low-risk investment in a stable market with minimal competition. The asking price is $861,000.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Quanah
- County
- Hardeman
- State
- Texas
- Longitude
- -99.7411
- Latitude
- 34.2903
