201 Dumas Ave Dumas, TX 79029-2430

Property Details for 201 Dumas Ave

Lot size

0.29 lot acres

Property size

9,604 SF

Property type

Commercial real estate

APN

11935

APU

11935

Description

This fee-simple retail property in Dumas, TX, offers a compelling investment opportunity. The 4,200 square foot building is 100% occupied by AT&T and HTeaO, operating under NNN leases, minimizing landlord expenses. The property boasts a 6.00% cap rate and a strong NOI of $90,015, reflecting a $357.20 price per square foot. Built in 2005, the 0.52-acre lot includes 32 parking spaces and a convenient drive-thru. Located on S Dumas Ave, a high-traffic corridor with over 20,000 vehicles daily, the property benefits from excellent visibility and proximity to US Highway 87. The strategic location near a Walmart Supercenter, CVS, and other national retailers, along with its proximity to Dumas High School and a hotel hot spot, ensures high consumer traffic. The strong demographics of the 5-mile trade area, with over 15,600 residents and 7,100 daytime employees, and an average household income exceeding $79,100, further enhance the investment potential. The property's diverse tenant mix, including a restaurant and a retail tenant, provides resilience against e-commerce trends. The asking price is $1,500,250. This is a rare opportunity to acquire a well-located, stable, and high-performing retail investment.