6154-6156 RAMEY AVE. FORT WORTH, TX 76112
Family Dollar Fort Worth
Price:
Land Price / SF:
Year Built:
APN:
$1,255,000
$157
2003
17060-1-1AR
6630-21-1R1A-10
Building Area:
Land Area:
Zoning:
Status:
8,000 SF
37,215 SF
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Active
Stable Long-Term Returns: This Investment Opportunity Presents a Single Tenant, Family Dollar Property with a Recent 7-Year Extension to the Lease Term. Family Dollar, an Established Retail Brand, has a Remaining Lease Term of 6.75 Years, Providing Investors with the Potential for Stable Long-Term Returns.
Rental Income Growth: Investors can Benefit from the Potential for Increasing Rental Income. The Property Offers Three 5-Year Lease Renewal Options, Each with a 10% Increase in Rental Income.
Proven Operational Success: The Subject Family Dollar Location Boasts an Impressive 20-Year Operating History, Demonstrating Successful Operations and Tenant Reliability. This Track Record Adds to the Property’s Appeal and Showcases its Historical Stability.
Corporate Lease with Investment-Grade Tenant: The Property Benefits from a Corporate Lease with Family Dollar, Inc., a Subsidiary of Dollar Tree, Inc. (NASDAQ: DTLR). Family Dollar, Inc. Holds a Favorable S&P Rating of BBB, Providing Added Security and Confidence to Investors.
Market Leader in Dollar Store Retail: Family Dollar, Inc. is the Largest Dollar Store Chain in the United States, with a Vast Network of Over 15,500 Locations. The Company’s Impressive Financial Performance, Including Record-Setting Net Sales of $26.3 Billion in 2021, Underscores its Market Leadership and Financial Strength.
High Visibility and Accessibility: The Property is Strategically Positioned with Freeway Signage and Visibility off the 820 Highway Off-Ramp. It Benefits from Exposure to Over 97,000 Cars Per Day, Ensuring High Visibility and Ease of Access for Consumers. This Prime Location Contributes to the Tenant’s Success in Serving the Local Market.
Strong Demographics: The Surrounding Population of 235,671 People within a 5-Mile Radius, with an Average Household Income of $78,129, Creates a Robust Consumer Base. On Average, these Residents Spend Approximately $106,765 on Retail Per Year, Highlighting The Area’s Strong Retail Potential.
Placer.ai Ranking: Placer.ai Ranks the Subject Property’s Location in the Top 38% of Family Dollar Stores within a 5-Mile Radius. This Ranking Underscores the Property’s Desirability and Potential for Sustained Foot Traffic.
The Ovaness-Rostamian Group of Marcus & Millichap is pleased to present an attractive investment opportunity in the form of a single tenant Family Dollar with a recent 7 year extension to lease term located at 6154-6156 Ramey Avenue in Fort Worth Texas. The property was built in 2003 specifically for Family Dollar when they signed a new 10 Year lease. Family Dollar currently extended their lease term and now has 6.75 years term remaining. Investors can take advantage of the potential for stable long-term returns, as three 5-year options remain, each with a 10% increase in rental income. The subject Family Dollar boasts an impressive 20-year operating history, establishing a track record of successful operations and tenant reliability. Placer.ai ranks the subject property’s location in the top 38% of Family Dollar’s in a 5-mile radius.
The investment is further strengthened by a corporate lease with Family Dollar, Inc., which is an investment-grade subsidiary of Dollar Tree, Inc. (NASDAQ: DTLR) and holds a favorable S&P rating of BBB. Family Dollar, Inc. is the largest dollar store chain in the United States, boasting an impressive network of 15,500+ locations. The company achieved record-setting net sales of $26.3 billion in 2021 and was ranked #137 in the prestigious Fortune 500 list in 2022.
Access to the location is available from the signalized intersection of Ramey Avenue and E Loop 820 S. Notably, this Family Dollar is strategically positioned with freeway signage/visibility off of the 820 Highway off-ramp and benefits from exposure to over 97,000 Cars Per Day. This accessibility ensures the property’s visibility and ease of access for consumers, further enhancing the tenant’s success in serving the local market. The surrounding population of 235,671 people have an average household income of $78,129 in a 5-mile radius spending on average $106,765 on retail per year.