This Retail Property is Off-Market.

3515 Nederland Ave
Nederland, TX 77627 ·

7,760 SF · Retail For Sale

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Dollar General

Price N/A Property Use Type Net Lease Investment with less than 1 year left on lease
Gross Leasable Area 7,760 SF Cap Rate 8.65%
Property Type Retail Tenancy Multiple
Property Sub-type Strip Center
Listing ID: 17447436 Date Created: 12/09/2011 Last Updated: 03/05/2015

Description

- NEW LEASE RENEWAL: New Dollar General 3 year lease renewal
- STRONG STORE SALES: Store sales at this location are significantly above the Dollar General' s corporate
average. In 2010-11 the sales ($1,875,000) were more than 20% above the average
- NN+ LEASE: Tenant responsible for insurance, property taxes, $996/year for grounds work and every
repair that costs $1,000 or less
- Excellent access and visibility from Nederland Avenue
- Excellent Pylon sign

- RECENT IMPROVEMENTS:
o New HVAC units 2008
o Concrete slab repair (hurricane damage) 2010
o New fence at rear edge of property per code 2011
o Re-striped parking area 2007

Research

3515 Nederland Ave, Nederland, TX 77627 (Jefferson County)

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