7728 Lockwood Dr - Freestanding FOR SALE


Houston, TX 77016- Trinity-Houston Gardens
$2,115,213 USD
214-692-2927
7728 Lockwood Dr, Houston, TX for Sale
$2,115,213 USD
Freestanding - FOR SALE
1/3
null | 6.35% Cap Rate

7728 Lockwood Dr
Houston, TX 77016
Trinity-Houston Gardens


HIGHLIGHTS

  • Single Tenant NN+ | Houston MSA | 2% Co-Broker Fee
  • 10% Rent Increases Every 5 Years
  • Investment Grade Tenant - Rated BBB by S&P; Dollar General operates 20,000+ stores in 48 states with over 186,000 employees
  • Prime Location - Located on a hard corner at lighted intersection and less than 1 mile from I-45 (240,457 VPD)
  • Lease Security - Dollar General (DG) signed a 5 year lease extension through 2029, highlighting DG's stability and commitment to the location
  • Dense Retail Corridor - 260K+ population in a 5 mile radius in a large, growing city with a low cost of living and doing business

OVERVIEW

2009 Built to Suit Construction for Dollar General Dollar General recently exercised their first option, proving their commitment to the site 5-mile population in excess of 268,845 residents 10-mile population in excess of 1,138,638 residents Texas is an income tax-free state Extremely strong corporately guaranteed lease Houston is the 5th largest MSA in the country Dollar General boasts an investment grade credit rating of BBB (S&P) Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic Dollar General has a market cap of ±$30 billion Broker of Record Patrick Graham License No. 9005919 (TX) (866) 889-0550 Matthews Real Estate Investment Services, Inc 8300 Douglas Ave., Ste. 750, Dallas, TX 75225

FOR SALE DETAILS

PRICE

$2,115,213 USD

PRICE/SF

$232 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

CROSS STREETS

Crosstimbers rd

LAND ACRES

2.16 AC

LAND SF

94,090 SF

ZONING

None

APN/PARCEL ID

1315870010001

ASK ABOUT THIS PROPERTY

Scotty LatimerMatthews Real Estate Investment ServicesMore Info
214-692-2927

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Scotty LatimerMatthews Real Estate Investment ServicesMore Info
214-692-2927

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