444 S Highway 377 - Storefront Retail/Office FOR SALE


Pilot Point, TX 76258
$1,783,575 USD
773-963-2637
444 S Highway 377, Pilot Point, TX for Sale
$1,783,575 USD
Storefront Retail/Office - FOR SALE
1/4
null | 8% Cap Rate

444 S Highway 377
Pilot Point, TX 76258


HIGHLIGHTS

  • Brand New, Long-Term Net Lease
  • 2023 Renovations
  • Investment Grade Guarantee from Best-in-Class Tenant
  • Strong Access & Visibility
  • Commercial Corridor of Pilot Point
  • Income Tax-Free State | Dallas - Ft. Worth MSA Acquisition Opportunity

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Dollar Tree property located in Pilot Point, Texas (the “Property”). The Property consists of an 15,854 square foot freestanding retail building on a 1.54-acre parcel of land. Dollar Tree is operating under a 10-year, net lease with limited landlord responsibilities. The lease also features 5, 5-year extension options with rent escalations at the beginning of each option term, offering investors a hedge against inflation.

FOR SALE DETAILS

PRICE

$1,783,575 USD

PRICE/SF

$113 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

C-2

APN/PARCEL ID

R41526

ASK ABOUT THIS PROPERTY

Isaiah HarfNorthmarqMore Info
773-963-2637

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Isaiah HarfNorthmarqMore Info
773-963-2637

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