Listed by SRS National Net Lease Group, SRS Real Estate Partners San Diego
$2,520,000
Dollar Tree | Spring, TX
Details
Property Type Retail
Sub Type Storefront
Square Footage 10,000
Cap Rate 6.75%
NOI $170,000
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar Tree
Lease Type NNN
Lease Expiration 01/31/2036
Remaining Term 9.6
Rent Bumps Yes
Lease Options 4 (5-year)
Price per SqFt $252
Year Built 2026
Acreage 1.520
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
2026 Construction | $160k HHI | High-Growth Woodlands Submarket | IG Credit | 6.75% Cap
Investment highlights
New Single-Tenant Opportunity | NNN Lease | Fee Simple Ownership | Growing Houston Texas Submarket
- Opportunity to acquire a Dollar Tree in Berry Farm Marketplace – Phase II, a brand-new multi-tenant retail center in Spring, Texas (Houston MSA)
- Adjacent to Berry Farm Marketplace – Phase I, an established neighborhood retail center anchored by Spec’s Wines, Spirits & Finer Foods
- Dollar Tree operates under an NNN lease, limiting expense obligations for a future investor
National Credit Tenant with Investment-Grade Rating
- Dollar Tree, an investment-grade tenant (S&P: BBB, Stable), is a Fortune 200 Company operating 16,590 stores across 48 states and 5 Canadian provinces
Strategic Location Near New Housing Developments Gosling Oaks & Sycamore Heights, Highway 99 (Grand Parkway Toll Road) and Klein Oak High School
- Gosling Oaks is a new 55-acre mixed-use development currently under construction, including ~100K SF of retail and dining space and ~40K SF of medical and office space, along with 390 multifamily housing units
- Sycamore Heights is a gated community development consisting of ~85 single-family homes and ~85 townhomes, also includes a clubhouse, dog park and pet spa, resort-style pool, 24/7 fitness center and outdoor community areas
- Highway 99 has an average daily traffic count of 64,550 and direct access to Interstate 45 and Highway 249
- Klein Oaks High School had ~3,664 students enrolled in 2025
Strong Retail Synergy
- Adjacent to several major national retailers such as Spec’s Wines & Spirits, Jiffy Lube, Shell, Circle K, Public Storage, Scooters Coffee, Chevron, Subway, and Shipley Do-Nuts, providing a consistent customer base
Proximity to New Amazon Distribution Hub
- Located 2 miles north of Amazon DHX4, a 219,000 SF last-mile distribution facility completed in September 2021 with more than 200 employees
New 2026 Construction
- This building features modern design, materials, and systems, while offering contemporary aesthetics and operational efficiency consistent with today’s retail development standards
Strong Trade Area Demographics | Six-Figure Incomes
- More than 202,000 residents and 100,000 employees support the 5-mile trade area
- $155,879 average household income within a 5-mile radius, projected to increase to $170,164 by 2030
Located 30 Miles North of Downtown Houston
- Spring is a submarket of Houston, the 4th most populous city in the US, with a population exceeding 2.3 million
- Adjacent to The Woodlands, one of the most coveted neighborhoods in Houston
Income Tax Free State
- Texas is an income tax free state
Listing Contacts
Listed by SRS National Net Lease Group, SRS Real Estate Partners San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$170,000.00
$14,166.67/mo
Valuation Metrics
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DSCR
6.75%
Cap Rate
6.75%
ROI
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