201 W Mulberry St - Freestanding FOR SALE


Angleton, TX 77515
$1,500,000 USD
480-221-4221
201 W Mulberry St, Angleton, TX for Sale
$1,500,000 USD
Freestanding - FOR SALE
1/7
null | 8.56% Cap Rate

201 W Mulberry St
Angleton, TX 77515


HIGHLIGHTS

  • Corporate Guaranteed Lease | Options To Extend | Family Dollar Still Paying Rent
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Signalized, Hard-Corner Intersection (30,800 VPD) | Excellent Visibility | Strong National/Credit Tenant Presence
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dark Family Dollar investment property located in Angleton, Texas. The tenant, Family Dollar Stores of Texas, LLC signed a 15-year lease with 6 (5-year) options to extend and approximately 7 years remaining, demonstrating their commitment to the site. The lease features a 10% rental increase after year 10 of the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$163 USD /SF

CAP RATE

8.56%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dark Family Dollar | Still Paying Rent

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

C-G

APN/PARCEL ID

1310-0278-000

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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