Family Dollar | Alton, TX

Agent Info

Deno Bistolarides

248.702.0288
denob@encorereis.com

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Offering Information

3307 West 5 Mile Line
Alton, TX 78573

  • Price: $1,070,000
  • Cap. Rate: 7.75%
  • NOI: $82,933
  • Building Size: 9,180SF
  • Lot Size: 1.01 AC

Investment Highlights

  • 9,180 Square Foot Family Dollar located on 1 Acre of Land
  • (5), Five-Year Renewal Options with Increases
  • BTS for Family Dollar who has Occupied the Site since 2006
  • Tenant Renewed their Lease for a Brand New Term Early in 2014 - Exhibits a Strong Commitment to the Location
  • Seasoned Location with Strong Reported Sales and a Strong Rent to Sales Ratio
  • 5 Mile Population Surrounding the Investment Property Exceeds 146,639
  • Strong Population Growth with Demographics Supportive of Family Dollar's Business Model
  • Located in Hidalgo County - One of the Fastest Growing Counties in the United States
  • Concrete Parking Lot - Higher Cost to Install and Higher Durability than Asphalt