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1301 NE Loop 230 8,890 SF Retail Building Smithville, TX 78957 $1,538,820 CAD ($173.10 CAD/SF) 8% Cap Rate



Investment Highlights
- Hard corner
- Lease recently negotiated until 2030
- Roof renovation in 2025
- Quality National Tenant - Dollar General
- High growth area
Executive Summary
Property has Dollar General as a Quality National Tenant in place. Lease was recently renewed in 2025 for 5 years with a 10-year option to renew. The Dollar General building was constructed in 2002 and the roof was renovated in 2025. Parking lot contains 60 spaces.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,890 SF
Building Class
C
Year Built/Renovated
2002/2025
Price
$1,538,820 CAD
Price Per SF
$173.10 CAD
Cap Rate
8%
NOI
$123,106 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.59 AC
Parking
60 Spaces (6.75 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 16909 | Improvements Assessment | $580,065 CAD |
| Land Assessment | $188,678 CAD | Total Assessment | $768,744 CAD |
Property Taxes
Parcel Number
16909
Land Assessment
$188,678 CAD
Improvements Assessment
$580,065 CAD
Total Assessment
$768,744 CAD
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1301 NE Loop 230
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