Dollar General | Corp NN w/ 6+ Yrs | 23412 FM 1485
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Dollar General | Corp NN w/ 6+ Yrs 23412 FM 1485
9,020 SF Retail Building New Caney, TX 77357 $975,289 ($108/SF) 6.75% 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
$975,289
Price Per SF
$108
Cap Rate
6.75%
NOI
$65,832
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.53 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
31 Spaces (3.44 Spaces per 1,000 SF Leased)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0193-00-01555 | Improvements Assessment | $1,263,190 |
| Land Assessment | $311,810 | Total Assessment | $1,575,000 |
PROPERTY TAXES
Parcel Number
0193-00-01555
Land Assessment
$311,810
Improvements Assessment
$1,263,190
Total Assessment
$1,575,000
1 of 12
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Dollar General | Corp NN w/ 6+ Yrs | 23412 FM 1485
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.