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Dollar General | Corp NN w/ 6+ Yrs 23412 FM 1485 9,020 SF Retail Building New Caney, TX 77357 $920,727 ($102.08/SF) 7.15% Cap Rate
Investment Highlights
- 6+ Years Remaining | Scheduled Rental Increases | Corporate Guaranteed
- Near Signalized, Hard Corner Intersection | Interstate 69 | Surrounding Retailers | New Caney Elementary School
- NN Leased | Fee Simple Ownership | No Landlord Responsibilities
- Local Demographics in 5-mile Trade Area | Six-Figure Incomes
Executive Summary
• Dollar General has 6+ years remaining on their current lease with 2 (5-year) options to extend
• The lease features 10% rental increases at the beginning of each option
• Dollar General is near the signalized, hard corner intersection of FM Rd and State Hwy 494, which combined average 33,100 VPD
• The site benefits from nearby direct on/off ramp access to Interstate 69, a major thoroughfare that averages 71,400 vehicles passing by daily
• More than 70,000 residents and 15,000 employees support the trade area
• The lease features 10% rental increases at the beginning of each option
• Dollar General is near the signalized, hard corner intersection of FM Rd and State Hwy 494, which combined average 33,100 VPD
• The site benefits from nearby direct on/off ramp access to Interstate 69, a major thoroughfare that averages 71,400 vehicles passing by daily
• More than 70,000 residents and 15,000 employees support the trade area
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,020 SF
Building Class
B
Year Built
2005
Price
$920,727
Price Per SF
$102.08
Cap Rate
7.15%
NOI
$65,832
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.53 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
31 Spaces (3.44 Spaces per 1,000 SF Leased)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0193-00-01555 | Improvements Assessment | $1,751,059 |
| Land Assessment | $311,817 | Total Assessment | $2,062,876 |
Property Taxes
Parcel Number
0193-00-01555
Land Assessment
$311,817
Improvements Assessment
$1,751,059
Total Assessment
$2,062,876
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Dollar General | Corp NN w/ 6+ Yrs | 23412 FM 1485
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