Nationally Recognized Tenant – Corporate Guarantee – The 10-year lease (8+ years remaining) is guaranteed by Dollar Tree, Inc. (S&P: BB+). Dollar Tree is the largest and most successful single-price-point retailer in North America, operating over 13,600 stores across 48 contiguous U.S. states and five Canadian provinces.
Strong Sales – Commitment to Site – Research has shown that this location is a top grossing store in the region. Additionally, Dollar Tree has made an investment of $250,000 in this store, showing a commitment to the site.
Only Area Border Crossing – Consistent Customer Base – Presidio is the only border crossing between El Paso and Del Rio, bringing over 53,000 vehicles per month from Mexico and an influx of Mexican residents who are responsible for approximately 70% of sales in the area.
Dominant Retail Corridor – The subject property is located along O’Reilly St/FM 170, the major retail corridor in Presidio. Nearby neighbors include AutoZone, Napa Auto Parts, Fort Davis State Bank, the US Post Office, Exxon, and Harper Hardware, as well as a new Shopko Hometown store which is opening first quarter of this year.
Trans-Pecos Pipeline Project – The Trans-Pecos Pipeline is a Texas intrastate pipeline designed to transport 1.4 billion cubic feet per day of clean-burning natural gas, with delivery locations in Central West Texas terminating at the U.S.-Mexico boundary near Presidio, Texas. The pipeline is expected to be in service by the end of Q1 2017 and is projected to bring $1.9 million in tax revenue to Presidio.