Listed by Trinity Real Estate Investment Services
$1,344,130
Dollar General
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,026
Cap Rate 7.00%
NOI $94,089
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 08/31/2031
Remaining Term 5.1
Rent Bumps Yes
Lease Options Five (5), 5-Year; 10%
Price per SqFt $149
Year Built 2016
Acreage 2.030
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 08/26/2016
Ground Lease No
Ownership Fee Simple
Retail | 7.00% CAP | 9,026 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General in Baytown, TX. The subject property is within Houstoon MSA with 5+ years remaining on current term. It is a larg 2.03-acre property along Bayway Dr.
Property Website: https://trinityreis.com/listing/7916-bayway-dr/
Investment highlights
- Houston MSA Dollar General in Baytown, TX With 5+ Years Remaining on Current Term
- Absolute NNN Lease – Zero Landlord Responsibilities
- Large 2.03-Acre Property Along Bayway Dr With 12,000+ Vehicles Passing in Front of Subject Property Daily, Easy Access From State Spur 330 Boasting 38,000+ VPD
- Strong 5-Mile Demographics of 93,000+ Residents
- Close Proximity to Apartments, Schools, and RV Parks Generating Additional Traffic to the Area
- Just 21 Miles From Downtown Houston, Serving 7.8M+ Metro Residents
- Backed by Dollar General's Corporate Guarantee, an Investment-Grade Retailer Operating Over 21,000 Locations Nationwide
Listing Contacts
Listed by Trinity Real Estate Investment Services
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$94,089.00
$7,840.75/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Is there information that looks off?
