Highlights
•The property features a brand-new roof installed by the landlord, with tenant improvements recently completed by Family Dollar. This location is a top-performing store, consistently generating gross sales that exceed the percentage rent threshold, providing the landlord with additional annual income. •Family Dollar has maintained a long-standing presence at this site since 1994 and has shown strong commitment by executing six lease extensions to date. The current rental rate is significantly below market at $5.40 PSF, compared to the NNN market rate of $16.92 PSF. •The lease is double net (NN), requiring minimal involvement from the landlord, and includes three remaining 5-year renewal options, each with 10% rent increases. Positioned within a retail strip surrounded by complementary businesses, the property benefits from consistent daily foot traffic.
Description
Addison Williams from CBRE is pleased to present for sale a single-tenant, inline Family Dollar property located in Pecos, TX. Family Dollar has operated at this location since 1994 and recently renewed for its 6th lease extension, with over five years remaining on the current term. The tenant retains three additional 5-year renewal options, each featuring 10% rent increases. The lease is structured on a double net (NN) basis, with the tenant covering most property-related expenses. Additionally, the landlord consistently receives supplemental income through a percentage rent clause in the lease.
Listing Details
- Cap Rate
8.75%
- Tenancy
Single
- Space Type
retail
- Sub Category
convenience-store
- Date Listed
10/8/2025
- Ownership Info
Fee Simple
- Broker/Agent Co-op
Yes
- Investment Type
Net Lease
- Net Operating Income
$57,217
Property Specifics
- Property Name
Family Dollar | Pecos, TX
- No of Buildings
1
- No of Units
1
- Building Size
11,200 SF
- Lot Size
0.78 AC
- APN
0007115
- Occupancy
100%