1385 Knox Ave - Freestanding FOR SALE


Fort Hancock, TX 79839
$1,018,181 USD
786-522-7013
1385 Knox Ave, Fort Hancock, TX for Sale
$1,018,181 USD
Freestanding - FOR SALE
1/4
null | 8.25% Cap Rate

1385 Knox Ave
Fort Hancock, TX 79839


HIGHLIGHTS

  • 2017 Build to Suit Construction | Remodel Completed in 2024
  • Surrounded by Numerous Residential Developments | Recent Lease Extension Reflects the Tenant’s Strong Commitment to the Location
  • 6+ Years Remaining on the Lease
  • Six (6) Five-Year Options with 5% Rent Increases at each Renewal.
  • High Traffic Visibility with 22,250+ Vehicles Daily at the Intersection of Hwy 10 and Knox Ave
  • Dollar Tree Acquired Family Dollar in 2015 and is Now the Second Largest Discount Retailer in the U.S., with ±16,000 Locations

OVERVIEW

Marcus & Millichap is pleased to exclusively present for sale this Net Leased Family Dollar store located at 1385 Knox Avenue in Fort Hancock, Texas. Fort Hancock, with a population of 1,052, benefits from its close proximity to the vibrant El Paso Metropolitan Statistical Area, which boasts a population exceeding 1,053,267. The property is strategically situated along Texas State Highway 20, with the Union Pacific Railroad also running through the town, enhancing connectivity and accessibility for both residents and businesses. Additionally, the Fort Hancock El Porvenir International Bridge provides direct access to El Porvenir, Mexico, a neighboring town with a population of 2,740, further underscoring the site’s strong cross-border trade and retail potential. This Family Dollar store, built in 2017, comprises 8,320 square feet of retail ,space on a 0.87-acre lot, offering a modern and efficient layout to meet the needs of the local community. The property is surrounded by numerous residential developments, including Catalina West Apartments, Caliza Ridge, The Crossings at Nine Mile Road, Arbor Crossing Mill Bayou, Town Laurel Crossing Apartments, and The Premier, creating a strong customer base. Fort Hancock High School, with an enrollment of over 115 students, is also located nearby, further driving consistent foot traffic to the property. Family Dollar operates as a subsidiary of Dollar Tree, Inc. (NASDAQ: DLTR), a Fortune 500 company with a market capitalization exceeding $17 billion. Dollar Tree and Family Dollar collectively operate over 14,334 stores across 48 states, the District of Columbia, and five provinces in Canada. Known for their efficient supply chain management and strategic inventory control, Family Dollar offers an array of essential goods, including groceries, household items, health and beauty products, and seasonal merchandise, ensuring consistent demand from value conscious consumers. In fiscal year 2024, Family Dollar demonstrated impressive financial growth, reporting revenue of $30.60 billion, an 8.02 percent increase year-over-year. This performance reflects the company’s strong market presence, resilient business model, and commitment to serving communities like Fort Hancock with affordable retail solutions. This offering represents an exceptional opportunity to acquire a stable, net-leased asset with a nationally recognized tenant in a market poised for continued growth and economic activity

FOR SALE DETAILS

PRICE

$1,018,181 USD

PRICE/SF

$122 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.