600 Frankston Hwy Frankston, TX 75763

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.