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Dollar General | New Caney (H 26154 FM 1485 Rd 9,026 SF Retail Building New Caney, TX 77357 $1,253,000 ($138.82/SF) 7.50% Cap Rate
Investment Highlights
- Corporate NNN Lease – 20,900+ Locations
- Income Tax Free State – Located off of State Highway 99
- 62,441 Residents in 5-Miles – High 3.57% Annual Population Growth
- 10% Rental Increases at Each Option – Next Increase in 2031
- 35 Minutes from Houston – One of Houston’s Fastest Growing Corridors
- Adjacent to Lake Houston Wilderness Park – 5,000 Acres of Recreation
Executive Summary
The lease is corporately guaranteed by Dollar General Corporation (NYSE: DG), which is the largest U.S. retailer by store count, with over 20,900 locations and an investment grade credit rating of BBB (S&P).
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
B
Year Built
2015
Price
$1,253,000
Price Per SF
$138.82
Cap Rate
7.50%
NOI
$94,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.34 AC
Opportunity Zone
Yes
Amenities
- Air Conditioning
Somewhat walkable
20/100
Exceptionally drivable
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 0229-00-06000 | Improvements Assessment | $2,006,199 |
| Land Assessment | $290,981 | Total Assessment | $2,297,180 |
Property Taxes
Parcel Number
0229-00-06000
Land Assessment
$290,981
Improvements Assessment
$2,006,199
Total Assessment
$2,297,180
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