FORT STOCKTON RETAIL CENTER

1700 W Dickinson Blvd, Fort Stockton, TX 79735
$3,900,000

Cap Rate
8.50%
Price Per SF
$77
Leasable Area
50,820 SF
NOI
$329,579

Broker of Record

  • Kyle Matthews
  • License No. 9005919
  • (310) 919-5757
  • Matthews Retail Group, Inc.
  • 841 Apollo Street. Suite 150,
    El Segundo, CA 90245

INVESTMENT HIGHLIGHTS:

100% National Credit Tenancy 

  • Fort Stockton Retail Center is 100% occupied to national credit tenants including Tractor Supply, Dollar Tree, Hibbett Sports, Gordman’s (Bealls), and Cricket Wireless, providing predictable cash flow for investors. 

Above Average Store Sales 

  • Both Hibbett Sports and Gordman’s (Bealls) report well above average store sales with strong health ratios which further solidifies the strength of the asset.

Commitment to Site 

  • Hibbett Sports underwent an expansion in 2017 showing their long-term commitment to the location

Upside Potential Through Development 

  • There is a pad site directly adjacent to Dollar Tree, allowing an investor to develop up to a 9,400 square-feet of additional retail which will create potential upside and boost returns for a buyer.

Cheap Price Per Square Foot 

  • The asking price of $3,900,000 represents a price per square foot of $77 and is offered well below the cost of replacement

Proximity to Walmart Supercenter

  • Walmart Supercenter formerly operated at this site for more than 20 years before relocating ½ mile down the street and is the only Walmart within a 50-mile radius helping draw customers in from more than just the immediate trade area