CAP Rate: 8.75%
Total NOI: $87,656
Lot Size: 2.21 AC
Year Built: 2013
The Kase Group is pleased to offer the opportunity to acquire the 100% fee simple interest in a net leased Family Dollar.
This 8,320 square foot Family Dollar, in Italy, Texas just 44 miles from Downtown Dallas. The 100% fee simple interest in the underlying land and building is being offered. The tenant has six, 5-year options to renew with 10% increases in rent during the option periods.
Italy is located in southwestern Ellis County. Interstate 35E crosses the northwest corner of the town at Exit 386; it leads north 15 miles (24 km) to Waxahachie, the county seat, north 44 miles (71 km) to downtown Dallas, and southwest 15 miles (24 km) to its junction with I-35W near Hillsboro. U.S. Route 77 passes through the center of Italy and parallels I-35E. Texas State Highway 34 leads northeast from the center of Italy 20 miles (32 km) to Ennis.