Family Dollar | Dollar Tree

403 Main Street, Hooks, TX 75561

$1,710,000

Cap Rate 6.69%

DOM: 608 Updated: 05.20.24 Posted: 09.01.23 Status: Active

Summary

Price $1,710,000	Built/Renov 2023	Tenant Family Dollar \| Dollar Tree
Cap Rate 6.69%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 10,500	Lease Start 09-30-2023	#Units 1,200
Price/SF $162.86	Expiration 09-30-2033	Tenant Type Dollar/Discount
NOI $114,450	R. Term 8.5	Ownership Fee Simple
Rent/SF $10.90	Increases 0.0%/0/yrs	Pop 5Mi 5,090
Lot/AC 1.18	Options 6/5yrs	AHHI 5Mi $67,791

Lease Highlights

Brand-new relocation Family Dollar | Dollar Tree combo store and renovation that includes a new roof and front parking lot
Tenant recently executed a brand-new 10-year lease with 6 (5-year) options to extend
Lease features $0.50 PSF/Year rental increases at the beginning of each option period
Corporate guaranteed lease
No state income tax

Location Description

Family Dollar/Dollar Tree is strategically fronting Main Street averaging a daily traffic count of 4,400 vehicles. Its location is conveniently located less than half a mile from I-30 (40,600 VPD), providing direct on/off ramp access for travelers. The subject property offers excellent visibility via significant street frontage and multiple points of access. Additionally, the site is situated...

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Key Features

Recent renovation
Relocation store
Freeway close
Strong tenant synergy
Income tax free state
Brand new lease
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Family Dollar | Dollar Tree Wikipedia Family Dollar Wikipedia Hooks, Texas Zip Code 75561 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Family Dollar | Dollar Tree
Guarantor:Corp T and Rated
Company:Dollar Tree, Inc.
# Units:1,200
Tenant S&P: BBB
Moody’s: Baa2
Stock: NASDAQ: DLTR

About Tenant

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	1,832	3,785	5,261
2023 Total Population :	1,800	3,676	5,109
2023 Employed Civilian Pop :	758	1,588	2,311
2023 Total Businesses :	58	95	136
2023 Average Household Income :	$ 65,968	$ 66,120	$ 64,705
2023 Total Consumer Spending :	$ 43 M	$ 88 M	$ 121 M
2023 Median Age :	38	40	41
2023 Total Households :	745	1,519	2,124
2023 Pop Age 25+: Bachelor's Degree :	265	424	500
2023 Average Home Value :	$ 162,306	$ 200,243	$ 208,216

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Main Street	Ave G	2021	3,991	0.11 mi
Main Street	Ave B	2020	3,748	0.11 mi
Main Street	Wilder Dr	2020	3,807	0.11 mi
E 2nd St	E Ave D	2013	233	0.17 mi
East Avenue A	W New Boston Rd	2021	6,088	0.23 mi
West Avenue A	W 4th St	2021	5,701	0.24 mi
E Ave A	E 1st St	2014	6,722	0.25 mi
E 4th St	E Ave B	2013	254	0.32 mi
Lacey Dr	Wilder Pl	2018	40,586	0.44 mi
TX 121	Main St	2020	33,840	0.45 mi

Listing Broker

William Wamble

SRS National Net Lease Group

Contact

186 Listings
37596 Views
68 Sold

Patrick Nutt

SRS National Net Lease Group

Contact

262 Listings
47224 Views
116 Sold

William Wamble

Will Wamble joined SRS in early 2019 and specializes in the advisory and sale of net leased properties, specifically in the Southeast. With more than $350M worth of transactional experience in his career, Will prides himself on valuing hard work and dedication to his clients. Will emphasizes collaboration and putting the best team together to find creative solutions to getting transactions completed. He started his commercial real estate career in 2013 with Marcus & Millichap where he focus

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Patrick Nutt

Patrick Nutt joined SRS as executive vice president for the National Net Lease Group and market leader in the Fort Lauderdale office in 2019. He leads the Fort Lauderdale office where he is tasked with recruiting and expansion efforts in the region and elevating the SRS brand throughout Florida. Additionally, Patrick Co-heads the National Net Lease Group for SRS, a group of 50 investment sales professionals who in 2020 managed over 500 transactions with an aggregate value of nearly $2 Billion

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