5702 Cielito Lindo Blvd | Laredo, TX 78046
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5702 Cielito Lindo Blvd
Laredo, TX 78046
Dollar Tree · Retail Property For Sale
Investment Highlights
- Rental Increases Occurring in Each of Four, Five-Year Renewal Option Periods
- 222,288 Residents within a 5-Mile Radius - Households and Population Projected to Increase 5.05% in the Surrounding Area by 2028
- Average Household Income Exceeds $57,000 within a 5-Mile Radius
- New High Quality 2024 Construction
- Signalized Hard Corner Location Visible to More Than 11,500 Cars per Day at the Corner of Ejido Ave & Cielito Lindo Blvd
- Adjacent to Lyndon B Johnson High School and across from Future Development
Executive Summary
This property features a brand new 10-year corporate lease with Dollar Tree (NASDAQ: DLTR), offering rental increases in each of the four five-year renewal option periods. Constructed in 2024, the high-quality building is located in a signalized hard corner location at Ejido Ave & Cielito Lindo Blvd, visible to over 11,500 cars per day. The surrounding area boasts an average household income exceeding $57,000 within a 5-mile radius, with 222,288 residents projected to increase by 5.05% by 2028. The property is adjacent to Lyndon B Johnson High School and sits across from future development, making it a prime location for ongoing growth and success.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
10,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Price
$2,517,000
Price Per SF
$252
Cap Rate
7.15%
NOI
$180,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.14 AC
Zoning
R1A
PROPERTY TAXES
| Parcel Number | 257349 | Improvements Assessment | $0 |
| Land Assessment | $226,317 | Total Assessment | $226,317 |
PROPERTY TAXES
Parcel Number
257349
Land Assessment
$226,317
Improvements Assessment
$0
Total Assessment
$226,317
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