- For Sale $187.99/SF
- Property Type Retail
- Property Size 8,000 SF
- Lot Size 1.23 Acre
- Year Built 2012
- Date Updated Oct 30, 2025
- Visibility/Traffic Count (VPD) 106,200
Description
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Corporate Guarantee by Investment-Grade Tenant – The lease is corporately guaranteed by Dollar Tree, Inc. (NASDAQ: DLTR), which carries an investment-grade credit rating, providing investors with strong credit quality and long-term income security.
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Essential Retailer Designation – Dollar Tree was classified as an “essential retailer” during the COVID-19 pandemic, underscoring the resilience and necessity of its business model even during periods of economic disruption.
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Favorable Tax Environment – Located in Texas, a state with no personal income tax, which enhances consumer purchasing power and contributes to a business-friendly economic climate.
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Affluent Surrounding Demographics – The average household income within a ±5-mile radius is approximately $126,354 indicating strong local spending capacity.
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High Traffic Location – The property benefits from excellent visibility and access along Davis Boulevard, which experiences traffic volumes of approximately 28,469 vehicles per day (VPD), supporting consistent customer traffic.
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Densely Populated Trade Area – Approximately 295,120 residents live within a 5-mile radius and over 1,007,412 residents within a 10-mile radius, providing a strong and growing consumer base.
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Established Tenant Commitment – Dollar Tree has operated at this location for over a decade and has already exercised its first lease extension option, reflecting long-term operational success and commitment to the site.
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Quality Construction – The building features durable all-brick construction, minimizing long-term capital expenditure and enhancing structural longevity.
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Attractive Rental Increases – The lease includes rare 10% rental escalations during the option periods, offering built-in income growth and a hedge against inflation.
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Contacts
Matthews Real Estate Investment Services
Matthews Real Estate Investment Services