7728 Lockwood Dr | Houston, TX 77016
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7728 Lockwood Dr
Houston, TX 77016
Dollar General · Retail Property For Sale
Investment Highlights
- Single Tenant NN+ | Houston MSA | 2% Co-Broker Fee
- Investment Grade Tenant - Rated BBB by S&P; Dollar General operates 20,000+ stores in 48 states with over 186,000 employees
- Lease Security - Dollar General (DG) signed a 5 year lease extension through 2029, highlighting DG's stability and commitment to the location
- 10% Rent Increases Every 5 Years
- Prime Location - Located on a hard corner at lighted intersection and less than 1 mile from I-45 (240,457 VPD)
- Dense Retail Corridor - 260K+ population in a 5 mile radius in a large, growing city with a low cost of living and doing business
Executive Summary
Prime Location – Located at a lighted intersection at the SEC of
the two main thoroughfares in the trade area less than 1 mile away
from highly trafficked I-45 (240,457 VPD)
• Property Highlights – Excellent access, visibility and signage. The
property includes a large pylon sign.
• Strategic Placement – situated in a densely populated area with
few alternative grocery/retail options
• Retail Corridor – Positioned in the main retail corridor for the
trade area, the store draws consistent business from underserved
Houston submarkets and has been operating successfully for over
15 years
• Lease Security – The store recently signed a 5 year lease
extension through 2029, highlighting Dollar General’s stability and
commitment to the location.
• Extensive Reach – Dollar General was founded 80 years ago and
now operates 20,000+ stores in 48 states with over 186,000+
employees.
• Investment-Grade Ratings – Rated BBB by Standard & Poor’s and
Baa2 by Moody’s, indicating strong creditworthiness.
the two main thoroughfares in the trade area less than 1 mile away
from highly trafficked I-45 (240,457 VPD)
• Property Highlights – Excellent access, visibility and signage. The
property includes a large pylon sign.
• Strategic Placement – situated in a densely populated area with
few alternative grocery/retail options
• Retail Corridor – Positioned in the main retail corridor for the
trade area, the store draws consistent business from underserved
Houston submarkets and has been operating successfully for over
15 years
• Lease Security – The store recently signed a 5 year lease
extension through 2029, highlighting Dollar General’s stability and
commitment to the location.
• Extensive Reach – Dollar General was founded 80 years ago and
now operates 20,000+ stores in 48 states with over 186,000+
employees.
• Investment-Grade Ratings – Rated BBB by Standard & Poor’s and
Baa2 by Moody’s, indicating strong creditworthiness.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
C
Year Built
2009
Price
$1,790,880
Price Per SF
$197
Cap Rate
7.50%
NOI
$134,316
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.16 AC
Zoning
None
Parking
40 Spaces (4.4 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 1315870010001 | Improvements Assessment | $805,240 |
| Land Assessment | $827,208 | Total Assessment | $1,632,448 |
PROPERTY TAXES
Parcel Number
1315870010001
Land Assessment
$827,208
Improvements Assessment
$805,240
Total Assessment
$1,632,448
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