Family Dollar-Trinity Blvd-Ft Worth TX
Closed12901 Trinity Blvd, Fort Worth, TX 76040
Property type
Retail
Unit / Space count
1
Price
$2,077,152
Building size
8,320 sf
Rentable area
8,320 SF
Year built
2016
Year renovated
Occupancy
Zoning code
Lot size
1.17 Acres
Sold/status
Sold · Date unknown
Sale price
$2077152
Property description
Franklin Street is proud to present this Family Dollar store located in a heavily traveled corridor of Fort Worth, Texas just west of the Dallas-Fort Worth International Airport. The investment opportunity is strategically positioned on the going home side of the road just off of Hwy 360, a major north-south commuter highway in the Metroplex. The property has excellent visibility and access and is surrounded by dense supportive residential neighborhoods. There are over 235,000 residents within a 5-mile radius. Family Dollar has executed a new 15-year NNN lease that has 12 years remaining, with all expenses being paid by the tenant. The lease offers landlord-friendly rent increases of 10% in Year 11 and every 5-year option period thereafter. The investment presents the opportunity to acquire a well-constructed building, leased to a strong national retailer with little or no management in one of the nation’s strongest metropolitan markets.
Property highlights
- Over 7 million residents in the metropolitan
- Corner lot with excellent access to the property
- Located proximate to Dallas Fort Worth International Airport
- Trinity Blvd is a heavily traveled east-west connector: 26,905 VPD
- Site is surrounded by many other daily traffic generators: Home Depot, Ross Dress for Less, Aldi, gas stations, and schools
- One of the fastest-growing metropolitans in the country
- 235,000+ residents within the 5-mile radius of the property
- Over an average of $87,000+ household incomes surrounding the area
- Strong employment base in the area driven by DFW International Airport
- Dallas Fort Worth is the 4th largest metro in the United States
- 12 years remaining on NNN Lease
- Family Dollar/Dollar Tree have 14,000+ locations across the country
- 10% rent increase in year 11 and in each option to renew
- Limited direct competition on Trinity Blvd
- BB+ S&P 500 Credit Rating