600 Frankston Hwy Frankston, TX 75763
Property profile & analytics
600 Frankston Hwy Frankston, TX 75763
- Commercial real estate
- 8,000 SF
- 0.80 lot acres
Property ID
US82-6121214
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 600 Frankston Hwy
- Year built
- 2011
- Lot size
- 0.80 lot acres
- Property size
- 8,000 SF
- Property type
- Commercial real estate
- APN
- R839078
- APU
- R839078
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Frankston
- County
- Anderson
- State
- Texas
- Longitude
- -95.5038
- Latitude
- 32.056
- CBSA code
- 37300
- CBSA name
- PALESTINE, TX MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$11,331
$48,664
$512,769
$561,433
-
$48,664
$512,769
$561,433
