405 S Main Ave - Freestanding FOR SALE


Monahans, TX 79756
$2,376,685 USD
817-328-5223
405 S Main Ave, Monahans, TX for Sale
$2,376,685 USD
Freestanding - FOR SALE
1/6
null | 7.75% Cap Rate

405 S Main Ave
Monahans, TX 79756


HIGHLIGHTS

  • Dollar Tree and Family Dollar – 7+ Years Remaining on Current Leases
  • 2 Separate Co-Terminus Leases - 19,267 Square Foot Building With Wall Separating the Tenants
  • Both Leases Have Tenants Fully Responsible for Taxes, Insurance and 100% of All CAM Costs
  • Attractive Lease Structures - Tenants pay Monthly Installments for Taxes/Insurance/CAM Rather Than Reimbursing at end of Year
  • Ideally Located on Corner lot Along Monahan’s Main Thoroughfare
  • Strong Local Economy – Located in the Heart of the Permian Basin, Which is Responsible for a Third of US Oil Production

OVERVIEW

Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a 2-Tenant Family Dollar & Dollar Tree in Monahans, TX. The subject property has 2 separate co-terminus leases in a 19,267 square foot building with wall separating the tenants. It has attractive lease structures where tenants pay monthly installments for taxes/insurance/CAM rather than reimbursing at the end of the year. The property is ideally located on corner lot along Monahan's main thoroughfare.

FOR SALE DETAILS

PRICE

$2,376,685 USD

PRICE/SF

$123 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2-Tenant Texas Family Dollar & Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

-

APN/PARCEL ID

0008328

ASK ABOUT THIS PROPERTY

Eric KelleyTrinity Real Estate Investment Services, LLCMore Info
817-328-5223

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Eric KelleyTrinity Real Estate Investment Services, LLCMore Info
817-328-5223

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