Investment Offering
Dumas, TX - HTeaO and AT&T
201 S. Dumas Avenue | Dumas, TX 79029
Description
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, 100% occupied, two-tenant retail investment property located in Dumas, Texas. The property totals 4,200 SF with HTeaO occupying 1,800 SF and AT&T utilizing the remaining 2,400 SF. The offering consists of a diverse, ecommerce resistant tenant lineup comprised of restaurant and retail tenants creating a stabilized, income stream for a new investor. Both tenants operate under leases which are NNN in nature, limiting expense leakage for a future investor.
Location
The asset is strategically located along S Dumas Ave, which serves over 20,000 vehicles per day. The asset features excellent visibility from S Dumas Ave with significant street frontage and a large pylon sign. Furthermore, the site benefits from nearby access to U.S. Highway 87 (11,000 VPD), making this an ideal, centralized location with easy commutes. The proeperty features an end cap drive-thru, providing and convenience for customers Additionally, the property is ideally positioned in a hotel hot spot, further increasing consumer traffic to the subject trade area. Local nearby national/credit tenants include a Walmart Supercenter, CVS Pharmacy, Dollar General, Family Dollar, Hibbett Sports, and more. Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site. Moreover, the site is positioned just east from Dumas High School, providing a direct residential consumer base from which to draw. The 5-mile subject trade area is supported by more than 15,600 residents and 7,100 daytime employees who boast an average household income of more than $79,100.
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215