PROPERTY OVERVIEW
The subject property is a 16,640-square foot, two-tenant retail strip in Lindale, Texas. Tenants consist of Dollar Tree (58% of the gross leasable area) and Hibbett Sports (42% of the gross leasable area). Dollar Tree is a triple-net lease with five years on the primary term. Hibbett Sports is a gross lease with a ten-year term. Both tenants have three five-year options for renewal. The building was constructed in 2017 and sits on 1.46 acres.
LOCATION OVERVIEW
The subject property is located on South Main Street (Highway 69), the major north-south thoroughfare through the city. Traffic counts are approximately 21,400 vehicles per day in front of the property. Interstate 20 is two and a half miles south of the property. Area retailers include Dollar General, Edward Jones, Kwik Kar Lube, Chicken Express, Capital One Bank, Domino’s Pizza, Sherwin Williams, Anytime Fitness, Lowe’s, Walmart, Chili’s, Sonic, La Quinta Inn & Suites, Comfort Inn & Suites, Check ‘N Go, Pizza Hut, KFC/Long John Silvers, Subway, Executive Inn, Burger King, Taco Bell, McDonald’s, Hampton Inn and Best Western. The five mile population is 17,135 with an average household income of $67,000. Lindale is strategically located in northeast Texas at the intersection of Interstate 20 and U.S. Highway 69. This intersection is one of the highest traffic counts East of Dallas and North of Houston. About 70,000 vehicles pass through this busy intersection daily. The city is situated in northern Smith County, about 10 miles north of Tyler.
The subject property is a 16,640-square foot, two-tenant retail strip in Lindale, Texas. Tenants consist of Dollar Tree (58% of the gross leasable area) and Hibbett Sports (42% of the gross leasable area). Dollar Tree is a triple-net lease with five years on the primary term. Hibbett Sports is a gross lease with a ten-year term. Both tenants have three five-year options for renewal. The building was constructed in 2017 and sits on 1.46 acres.
SALE HIGHLIGHTS
- Two-Tenant Retail Strip
- 100 Percent Occupied with 100 Percent National Credit Tenants
- Dollar Tree (58 Percent of the Gross Leasable Area) has a Triple-Net Lease
- Both Tenants have Three Five-Year Options for Renewal
- Building is New 2017 Construction
- Located on South Main Street (Highway 69), the Town’s Major North-South Thoroughfare
- Traffic Counts are Approximately 21,400 Vehicles per Day
- Located Two and a Half Miles from the Intersection of I-20 and Highway 69, with Traffic Counts of 70,000 Vehicles per Day at this Intersection
- Lindale is 10 miles North of Tyler, Texas
