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Dollar General | Corp NN w/ 6+ Yrs 23412 FM 1485 9,020 SF Retail Building New Caney, TX 77357 $1,285,261 CAD ($142.49 CAD/SF) 7.15% 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
$1,285,261 CAD
Price Per SF
$142.49 CAD
Cap Rate
7.15%
NOI
$91,896 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.53 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
31 Spaces (3.44 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0193-00-01555 | Improvements Assessment | $2,456,105 CAD |
| Land Assessment | $437,367 CAD | Total Assessment | $2,893,472 CAD |
PROPERTY TAXES
Parcel Number
0193-00-01555
Land Assessment
$437,367 CAD
Improvements Assessment
$2,456,105 CAD
Total Assessment
$2,893,472 CAD
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Dollar General | Corp NN w/ 6+ Yrs | 23412 FM 1485
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