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23201529
23201530

230 N Bypass 35, Alvin, TX 77511

JB
AZ AZ SA637220000
Embree Group of Companies
Listed by Embree Group of Companies
$2,305,000
398 days on market
Updated 62 days ago

pOpshelf (Dollar General)

Details
Property Type Retail
Sub Type Grocery Store, Storefront
Square Footage 10,730
Cap Rate 5.85%
NOI $134,796
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, pOpshelf
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 12/31/2037
Remaining Term 11.6
Rent Bumps Yes
Lease Options Four, 5-Year
Broker Co-Op Yes
Year Built 2022
Acreage 1.060
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 12/09/2022
Ground Lease No
Ownership Fee Simple

pOpshelf (Dollar General Guaranty) | Houston, TX MSA

Marketing description

Embree Capital Markets Group is pleased to present an exceptional net lease investment opportunity: a newly constructed pOpshelf store located at 230 N Bypass 35 in Alvin, Texas. This single-tenant asset offers a long-term lease with a high-growth national retailer and is strategically positioned within the rapidly expanding Houston metropolitan area.

pOpshelf is an innovative retail concept launched by Dollar General in October 2020, designed to offer a fun, affordable, and engaging shopping experience that blends the appeal of value retail with the excitement of discovery. Targeting primarily suburban areas with household incomes ranging from $50,000 to $125,000, pOpshelf stores feature a bright, modern layout and a curated selection of non-consumable merchandise, including home décor, seasonal items, health and beauty products, arts and crafts, and party supplies. Approximately 95% of the items are priced at $5 or less, making it an accessible destination for customers seeking trendy and budget-friendly products. With plans to open 1,000 locations by 2025, pOpshelf represents Dollar General's strategic move to attract a more affluent customer base and expand its footprint in the suburban retail market.

Situated along the heavily trafficked State Highway 35 Bypass, this pOpshelf location benefits from excellent visibility and accessibility. The site is surrounded by national retailers such as Walmart Supercenter, Lowe’s, H-E-B, and Walgreens, creating a strong retail synergy and consistent consumer draw. Alvin is a thriving city in Brazoria County, located approximately 27 miles southeast of downtown Houston—a 40-minute drive via State Highway 35 . As part of the Houston-The Woodlands-Sugar Land MSA, Alvin offers a blend of small-town charm and metropolitan accessibility.

As of 2025, Alvin's population is estimated at 29,619, reflecting a 9.08% increase since 2020 . The city boasts a median household income of $68,769 and a median property value of $212,500 . With a median age of 33.7, Alvin's demographic is youthful and dynamic, contributing to a vibrant local economy. Alvin's strategic location near Houston, coupled with its robust infrastructure, including two state highways, BNSF and UP rail lines, and proximity to major airports, positions it as an attractive market for retail investment.

Investment highlights

  • 2022 Built-to-Suit Development

  • 15-Year Absolute NNN Lease

  • 10% Increases at each Option Period

  • Four, 5-Year Options

  • 53,000+ Vehicles Per Day Traffic Count!!

  • Strong Retail Location

    • Surrounded by: Boot Barn, The Home Depot, National Tire & Battery, Chili’s, Olive Garden, Starbucks,

    • Adjacent to: Walmart Supercenter, Goodwill, Burger King, Exxon, 7-Eleven, Chick-fil-A, Discount Tire, Panda Express

  • 35-Miles to Downtown Houston, TX

  • 31-Miles to Galveston, TX

  • 265,000+ Population Within 10-Miles

  • 53,000+ Population Within 5-Miles

  • $75,000+ Avg. Household Income Within 3-Miles

Listing Contacts

JB
AZ AZ SA637220000
Embree Group of Companies
Listed by Embree Group of Companies

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$134,796.00
$11,233.00/mo

Valuation Metrics

0
DSCR
5.85%
Cap Rate
5.85%
ROI

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