Family Dollar Corpus Christi, TX

3401 Ayers Street
Corpus Christi, TX

Price: $2,237,339
Cap Rate: 5.30%
NOI: $118,579
Building Size: Approx. 9,200 Sq. Ft.
Lot Size: Approx. 1.29 Acres
Type: Single-Tenant / Retail
Sub Category: Dollar Store
Year Built: 2019

Investment Overview

  • 2019 Construction. 9,200+/- SF Building on 1.29+/- Acre Site
  • Newer Construction Long Term Lease With Roughly 12 Years Remaining
  • Family Dollar Boasts an Extremely Strong Investment Grade Credit Rating of BBB
  • Dollar Tree Acquired Family Dollar in 2015 Making Them the 2nd Largest Discount Retailer in the US
  • Rare Complete NNN Family Dollar w/ 10% Rental Increase in Year 11
  • Located Only 8 Miles from Downtown Corpus Christi and 9 Miles from the Airport
  • Corpus Christi  |  Robust Tourism Industry  |  Population: 326,500+