4025 Pioneer RdBalch Springs, TX 75180

For Sale
$2,055,275

High-Sales, Net-Leased Convenience Store

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 9,180-square-foot Family Dollar store in Balch Springs, Texas, within the Dallas-Fort Worth MSA. The property, built in 2011 and situated on a 1.49-acre lot, boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $143,869. The current lease, a triple-net (NNN) agreement, features a corporate guarantee and a remaining term of approximately 4.6 years, extending to June 29, 2029. Five, five-year lease options are included, each with a 10% rent increase. The tenant recently exercised a second term extension reflecting confidence in the location and strong performance. The asking price is $2,055,275, translating to $223.89 per square foot and a price per unit of $2,055,275. The property benefits from its location near multiple national credit tenants and a densely populated area with over 220,000 residents within a five-mile radius. Its proximity to downtown Dallas, the fourth largest MSA in the country, further enhances its appeal. This is a rare opportunity to acquire a well-performing, credit-rated, net-leased asset with significant upside potential. The property is 100% occupied and offers a stable income stream with built-in rent growth. The property's high reported sales figures are available upon request.

Highlights

  • Family Dollar recently exercised a second five-year lease option with a 10% rent increase.
  • High sales volume; details available upon request.
  • Strong demographics: over 220,000 residents within a five-mile radius.
  • Prime location: 15 miles from Downtown Dallas, the fourth largest MSA in the US.
  • Excellent co-tenancy: situated near multiple national credit tenants.

Property Details for 4025 Pioneer Rd

Property type
Other specialty properties, Other retail properties
Square Feet
9,180 SF
Year Built
2011
Buildings
1
Lot Size (sq. ft)
64,904 SF
Units
1

Location Insight

City
Balch Springs
County
Dallas
State
Texas
Latitude
32.714353
Longitude
-96.6061634
4025 Pioneer Rd, Balch Springs, Texas

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4025 Pioneer Rd
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