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Investment Highlights
- Stand-alone building on a hard corner
- National credit tenant: Cricket Wireless
- Excellent condition
- High-visibility location at a busy intersection
- Lease in place through 9/30/2027 with 5 renewal options
Executive Summary
Acquire a stand-alone retail building positioned on a hard corner at a high-traffic intersection in Dickinson, Texas. The property benefits from exceptional visibility, strong frontage, and easy ingress/egress—key fundamentals that drive long-term retail success.
The 1,176 SF building is currently leased to Cricket Wireless, a well-established national brand, providing investors with immediate and reliable cash flow. The lease is active through September 30, 2027, with five (5) options to renew, offering long-term income stability and reduced rollover risk.
Cricket Wireless has successfully operated at this location since 2009, demonstrating long-term stability and strong tenant performance. The current lease has approximately two years remaining with multiple renewal options, providing investors with dependable “mailbox money” income and a truly hands-off ownership opportunity
Constructed and maintained in great condition, the property requires minimal ongoing capital expenditures, making it a true passive investment. Its stand-alone configuration and corner location enhance tenant desirability and future re-tenanting potential, should that ever be needed.
Located in a busy commercial corridor, the site benefits from strong daily traffic counts and surrounding retail synergy, supporting both the current tenant and long-term property value. This asset is well-suited for investors seeking a secure, single-tenant net-leased property with a national credit tenant, strong real estate fundamentals, and upside through long-term tenancy.
The 1,176 SF building is currently leased to Cricket Wireless, a well-established national brand, providing investors with immediate and reliable cash flow. The lease is active through September 30, 2027, with five (5) options to renew, offering long-term income stability and reduced rollover risk.
Cricket Wireless has successfully operated at this location since 2009, demonstrating long-term stability and strong tenant performance. The current lease has approximately two years remaining with multiple renewal options, providing investors with dependable “mailbox money” income and a truly hands-off ownership opportunity
Constructed and maintained in great condition, the property requires minimal ongoing capital expenditures, making it a true passive investment. Its stand-alone configuration and corner location enhance tenant desirability and future re-tenanting potential, should that ever be needed.
Located in a busy commercial corridor, the site benefits from strong daily traffic counts and surrounding retail synergy, supporting both the current tenant and long-term property value. This asset is well-suited for investors seeking a secure, single-tenant net-leased property with a national credit tenant, strong real estate fundamentals, and upside through long-term tenancy.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,176 SF
Building Class
C
Year Built
1976
NOI
$47,654 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.16 AC
Frontage
115’ on Highway 3
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Information
- -
- -
- Sep 2027
Cricket offre des forfaits abordables, un excellent service à la clientèle et une tonne d'extras. Le tout sur leur réseau 5G rapide et fiable ! Cricket est un fournisseur de services sans fil qui offre des téléphones mobiles prépayés, des plans de couverture et une gamme d'accessoires. Ils aident les clients à moins stresser et à sourire davantage en offrant une expérience sans fil facile, de haute qualité et abordable.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Information | - | - | Sep 2027 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5320-0332-0001-000 | Improvements Assessment | $386,036 CAD |
| Land Assessment | $85,601 CAD | Total Assessment | $471,637 CAD |
Property Taxes
Parcel Number
5320-0332-0001-000
Land Assessment
$85,601 CAD
Improvements Assessment
$386,036 CAD
Total Assessment
$471,637 CAD
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