5353 FM 982 - Storefront FOR SALE


Princeton, TX 75407- Rowlett/Wylie
$2,754,000 USD
602-687-6766
5353 FM 982, Princeton, TX for Sale
$2,754,000 USD
Storefront - FOR SALE
1/3
null | 6.9% Cap Rate

5353 FM 982
Princeton, TX 75407
Rowlett/Wylie


HIGHLIGHTS

  • Brand New 10-Year Corporate Lease with Dollar Tree (NASDAQ: DLTR)
  • Rental Increases Occurring in Each of Four, Five-Year Renewal Option Periods
  • New High Quality 2024 Construction - Opening Scheduled for November 7, 2024
  • Situated in the Dallas / Fort Worth MSA, 35 Miles East of Downtown Dallas
  • Average Household Income Exceeds $134,000 within a 1-Mile Radius
  • Princeton is One of the Fastest-Growing Cities in Texas - Households and Population Projected to Increase 50%+ in the Immediate Area by 2028

OVERVIEW

Ranked 137 on the Fortune 500 list, Dollar Tree, Inc. is comprised of two iconic brands – Dollar Tree and Family Dollar – delivering value and convenience through complementary businesses. Princeton is a city located in Collin County, Texas. Situated in the northeastern part of the state, Princeton is approximately 35 miles northeast of Dallas. With a population of approximately 28,000 residents, Princeton’s location near Dallas allows residents to access a wide range of entertainment, dining, shopping, and cultural experiences.

FOR SALE DETAILS

PRICE

$2,754,000 USD

PRICE/SF

$275 USD /SF

CAP RATE

6.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree | New 10 Yr | Dallas MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

-

APN/PARCEL ID

R-13264-00A-0010-1

ASK ABOUT THIS PROPERTY

Mark RubleMarcus & MillichapMore Info
602-687-6766

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Mark RubleMarcus & MillichapMore Info
602-687-6766

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