Family Dollar Corpus Christi, TX

3401 Ayers Street
Corpus Christi, TX

Price: $2,444,929
Cap Rate: 4.85%
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
  • Rare Complete NNN Family Dollar w/ 10% Rental Increases in Yr 11
  • Newer Construction Long Term Lease w/ approx. 13 Yrs Remaining
  • Dollar Tree Acquired Family Dollar Making Them the 2nd Largest Discount Retailer
  • ​Family Dollar Has a Strong Investment Grade Credit Rating (BBB-)
  • Subject Property 8 Miles from Downtown Corpus Christi
  • Corpus Christi  |  5th Most Popular Tourist Destination in Texas  |  Population: 326,000+