23412 FM 1485 - Freestanding FOR SALE


New Caney, TX 77357
$920,727 USD
954-703-3602
23412 FM 1485, New Caney, TX for Sale
$920,727 USD
Freestanding - FOR SALE
1/11
null | 7.15% Cap Rate

23412 FM 1485
New Caney, TX 77357


HIGHLIGHTS

  • 6+ Years Remaining | Scheduled Rental Increases | Corporate Guaranteed
  • NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Near Signalized, Hard Corner Intersection | Interstate 69 | Surrounding Retailers | New Caney Elementary School
  • Local Demographics in 5-mile Trade Area | Six-Figure Incomes

OVERVIEW

• 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 • The market rent in the area is $20 Sq/ft vs the property rent $7.30 Sq/ft • The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,345 location as of August 2024

FOR SALE DETAILS

PRICE

$920,727 USD

PRICE/SF

$102 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Corp NN w/ 6+ Yrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

Commercial

APN/PARCEL ID

0193-00-01555

ASK ABOUT THIS PROPERTY

Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

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Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.