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    Property profile & analytics
    OFF-MARKET Estimated value $1,020,000
    Commercial real estate

    600 Frankston Hwy, Frankston, TX 75763

    8,000 SF 0.8 ac lot Built 2011
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US82-6121214
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 8,000 square foot Family Dollar store in Frankston, Texas. Built in 2011, the property sits on a 0.8-acre lot at 600 N Frankston Hwy, 75763, enjoying high visibility and daily traffic of 12,982 vehicles. Currently operating under a triple-net (NN) lease with a corporate guarantee, the tenant has recently exercised their initial five-year option, extending the lease to January 31, 2028. Five additional five-year renewal options remain, each with a 10% rent increase. The current asking price is $1,300,000, representing a price per square foot of $162.50 and a compelling 7.03% cap rate based on a Net Operating Income (NOI) of $91,410. The landlord is responsible for roof, structure, and parking lot maintenance, while the tenant covers HVAC, CAM, taxes, and insurance. This strong-performing Family Dollar location offers a secure, long-term investment with significant upside potential due to the built-in rent escalations and multiple lease options. The property's prime location and the tenant's financial strength make this a highly attractive offering for discerning investors seeking stable income and appreciation. The 100% occupancy ensures immediate cash flow. This is a rare opportunity to acquire a well-established, high-performing retail property with a national tenant in a desirable Texas market.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 2011
    Total area 8,000 SF
    Lot 0.8 ac (34,761 SF)
    APN R839078
    UPID US82-6121214
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.02M
    Owner & transaction history
    Ken Dietz Homes INC · 3 yrs held
    Ken Dietz Homes INC
    since 2023
    3 recorded transactions
    2023
    2011
    2011
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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