The Family Dollar of Tyler, Texas offers an investor a credit tenant, corporately guaranteed leased investment with little management responsibility. The 1.957 acre parcel is improved with an 8,000 square foot retail store of steel construction built in 2011. The initial ten year NN lease was recently extended 5 years through June 30, 2026. The lease has 6 five year renewal options. In addition to rent, the tenant reimburses for taxes and insurance. The tenant maintains the grounds and parking lot in lieu of paying a CAM charge. The landlord is responsible for repairs to the roof and structure, and for repairs to the parking lot in excess of $1,500 per occurrence. Tyler with a city population of 105,000+ located 100 miles southeast of Dallas, is the Smith County seat and home to the University of Texas at Tyler with a 20,000 student population. The 3 mile radius trade area population is 9,500+ with an average household income of $65,000+. The site has 179 feet of frontage on Frankston Highway with a 14,000+ daily traffic count. Family Dollar Stores, Inc. with over 8,000 stores in 44 states is a leading discount retail chain in the United States. In 2015, Dollar Tree bought Family Dollar and the combined company has over 15,000 stores in 48 states. Dollar Tree gross sales in 2019 were $23.6 billion an increase from $22.8 billion the prior year. 2019 net income was $827 million. Family Dollar sells merchandise in core categories: health and beauty aids, packaged food and refrigerated products, home cleaning supplies and seasonal goods.
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Retail Space
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