600 Frankston Hwy, Frankston, TX 75763
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.