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Dollar Tree | Abs NNN 201 W Mulberry St 9,180 SF Retail Building Angleton, TX 77515 $1,661,000 ($180.94/SF) 8.50% Cap Rate
Investment Highlights
- Over 4 Years Remaining | Options To Extend |Scheduled Rental Increases
- Dense Retail Corridor | High Traffic Area | Four Corners Shopping Center | Angleton Shopping Center
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased Dollar Tree investment property located in Angleton, Texas. The Dollar Tree benefits from a corporate guaranty from Family Dollar and has over 4 years of lease term remaining with 6 (5-year) options to extend, demonstrating the tenant’s long-term commitment to the site. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and providing a hedge against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,180 SF
Building Class
B
Year Built
2015
Price
$1,661,000
Price Per SF
$180.94
Cap Rate
8.50%
NOI
$141,158
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.36 AC
Zoning
C-G - Commercial-General
Parking
46 Spaces (5.01 Spaces per 1,000 SF Leased)
Frontage
117’ on W. Mulberry St
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1310-0278-000 | Improvements Assessment | $1,557,650 |
| Land Assessment | $823,620 | Total Assessment | $2,381,270 |
Property Taxes
Parcel Number
1310-0278-000
Land Assessment
$823,620
Improvements Assessment
$1,557,650
Total Assessment
$2,381,270
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