18806 Pearland Sites Rd - Retail FOR SALE


Pearland, TX 77584
$1,298,253 USD
858-558-5670
18806 Pearland Sites Rd, Pearland, TX for Sale
$1,298,253 USD
Retail - FOR SALE
1/3
null | Request Cap Rate

18806 Pearland Sites Rd
Pearland, TX 77584


HIGHLIGHTS

  • Prime Visibility on Pearland Sites Road
  • Booming Residential Area
  • Prominent Retail Location near H-E-B and Lowe’s Home Improvement
  • Rapid Population Growth
  • Close to Houston’s Central Business District
  • Fastest-Growing City in Houston Metro

OVERVIEW

Constructed in 2019, this 8,320-square-foot free-standing Family Dollar is secured by a 10.5-year lease set to expire in March 2030. The lease features six, 5-year renewal options, each with a 5% rental increase, ensuring long-term income growth. Corporate Backed Long Term Lease – Family Dollar, Inc signed a new 10.5 year lease, which commenced in September 2019, leaving approximately 5.25 years remaining on the firm lease term. Attractive Rent Increases – Lease features 5% rent increases every 5 years, providing a hedge against inflation and steady income growth. Investment-Grade Tenant (NASDAQ: DLTR | BBB) – Leased to Family Dollar, Inc a subsidiary of Dollar Tree, with strong financial stability and a stable outlook by Standard & Poor’s. Ranked #137 on the 2024 Fortune 500 List - In 2015, Dollar Tree acquired Family Dollar for $8.5B. Together they are considered the nation’s largest small-box discount retailer, operating over 16,000 +/- locations with annual revenue exceeding $30 billion in 2023. Committed Tenant – Site was hand selected by Family Dollar and built-to-suit according to their specifications in 2019. Recession Proof Concept - Dollar Tree/Family Dollar is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same-store sales/profitability.

FOR SALE DETAILS

PRICE

$1,298,253 USD

PRICE/SF

$156 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

-

APN/PARCEL ID

0293-0021-001

ASK ABOUT THIS PROPERTY

Blake TagmyerCushman & WakefieldMore Info
858-558-5670

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Blake TagmyerCushman & WakefieldMore Info
858-558-5670

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