230 N Bypass 35 - Freestanding FOR SALE


Alvin, TX 77511
$2,305,000 USD
512-630-9758
230 N Bypass 35, Alvin, TX for Sale
$2,305,000 USD
Freestanding - FOR SALE
1/4
null | 5.85% Cap Rate

230 N Bypass 35
Alvin, TX 77511


HIGHLIGHTS

  • Dollar General’s New Brand “pOpshelf”
  • 35-Miles South of Houston, TX
  • New 2022 Build-To-Suit
  • Corporate Guaranty (Dollar General Corporation)
  • New 15-year Absolute NNN Lease (Dec 2022)
  • 56,000+ VPD Traffic Counts

OVERVIEW

Embree Capital Markets Group is pleased to offer for sale to qualified investors a unique pOpshelf retail store. POpshelf is an exciting Dollar General brand located in affluent suburban areas based on home décor, seasonal entertaining and health & beauty, with 95 percent of the items priced below $5.00. This is an opportunity for an investor to acquire a build-to-suit, well-located, asset in a desirable Texas geography. The property features a 15-year Absolute NNN Lease that features four, 5-Year options with rental increases of 10% at each option period.

FOR SALE DETAILS

PRICE

$2,305,000 USD

PRICE/SF

$215 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

pOpshelf (Dollar General)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.82 AC

LAND SF

122,839 SF

ZONING

-

APN/PARCEL ID

1238-0001-004

ASK ABOUT THIS PROPERTY

Klinton LewisEmbree Capital Markets GroupMore Info
512-630-9758

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Klinton LewisEmbree Capital Markets GroupMore Info
512-630-9758

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