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pOpshelf (Dollar General) 230 N Bypass 35 10,930 SF Retail Building Alvin, TX 77511 $2,305,000 ($210.89/SF) 5.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Dollar General’s New Brand “pOpshelf”
- New 2022 Build-To-Suit
- New 15-year Absolute NNN Lease (Dec 2022)
- 35-Miles South of Houston, TX
- Corporate Guaranty (Dollar General Corporation)
- 56,000+ VPD Traffic Counts
EXECUTIVE SUMMARY
Embree Capital Markets Group is pleased to offer for sale to qualified investors a unique pOpshelf retail store. POpshelf is an exciting Dollar General brand
located in affluent suburban areas based on home décor, seasonal entertaining and health & beauty, with 95 percent of the items priced below $5.00. This is an opportunity for an investor to acquire a build-to-suit, well-located, asset in a desirable Texas geography. The property features a 15-year Absolute NNN Lease that features four, 5-Year options with rental increases of 10% at each option period.
located in affluent suburban areas based on home décor, seasonal entertaining and health & beauty, with 95 percent of the items priced below $5.00. This is an opportunity for an investor to acquire a build-to-suit, well-located, asset in a desirable Texas geography. The property features a 15-year Absolute NNN Lease that features four, 5-Year options with rental increases of 10% at each option period.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
10,930 SF
Building Class
B
Year Built
2022
Price
$2,305,000
Price Per SF
$210.89
Cap Rate
5.85%
NOI
$134,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.82 AC
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Dollar General
- Retailer
- 10,730 SF
- $12.56
- Triple Net
- Dec 2037
- pOpshelf
- Retailer
- 10,730 SF
- $12.56
- Triple Net
- Dec 2037
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Dollar General | Retailer | 10,730 SF | $12.56 | Triple Net | Dec 2037 | |
| pOpshelf | Retailer | 10,730 SF | $12.56 | Triple Net | Dec 2037 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1238-0001-005 | Improvements Assessment | $2,250,950 |
| Land Assessment | $199,050 | Total Assessment | $2,450,000 |
PROPERTY TAXES
Parcel Number
1238-0001-005
Land Assessment
$199,050
Improvements Assessment
$2,250,950
Total Assessment
$2,450,000
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pOpshelf (Dollar General) | 230 N Bypass 35
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