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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 | Dark But Paying | Corporate Guaranty | Redevelopment Opportunity | 1.36-Acre Parcel
- 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. Although the tenant is currently dark and no longer operating at the location, Dollar Tree remains obligated to pay rent through the remaining 4+ years of lease term, backed by a corporate guaranty from Family Dollar. The lease is absolute NNN with zero landlord responsibilities, making it an ideal choice for passive investors. Additionally, the property sits on a 1.36-acre parcel, offering flexibility for future re-tenanting or redevelopment upon lease expiration.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
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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