The subject property consists of a new construction, 9,180 square foot, freestanding Family Dollar Store situated on a 1.02 acre parcel and located in Edna, TX. This new build-to-suit has in place a 10-year NN lease with minimal landlord responsibilities (roof and structure – roof comes with a 20-year transferrable “weatherproof” warranty). The city of Edna is located just 100 miles southwest of downtown Houston, TX, just 25 miles northeast of Victoria, TX and is the County Seat of Jackson County, TX. Edna sits just off TX Hwy 59, a highly trafficked arterial thoroughfare connecting a lineup of smaller Texas markets to Houston’s hub. The property is surrounded by commerce and several other national tenants including: HEB Grocery, O’Reilly Auto Parts, Sonic Drive-Thru, Pizza Hut, NAPA Auto, Wells Fargo Bank, McDonald’s, Tractor Supply Company, Whataburger, Walmart and Dollar General to name a few.
This location fits into the well-established strategic store expansion program of Family Dollar, providing convenience goods (including food, refrigerated products and non-perishable items) to customers in largely underserved retail areas. Demographics indicate a population of 6,262 within a 5-mile radius of the subject property with average HH incomes of $65,082.