206 Southwest McKinney Street
Rice, TX
Price:
$2,581,000
Cap Rate:
6.50%
NOI:
$167,717
Building Size:
Approx. 12,768 Sq. Ft.
Lot Size:
Approx. 1.837 Acres
Type:
Single-Tenant / Retail
Sub Category:
Dollar Store
Year Built:
2024
Investment Overview
- 2024 Construction. 12,768+/- SF Building on 1.837+/- Acre Site
- Brand New 15-Year Corporate NNN Lease w/ 5% Rental Increases Every Option Period & (5) 5-Year Options to Renew
- Subject Property Is Located on Interstate 45 (52,800+ Vehicles Per Day), the Highway that Connects the Cities of Dallas and Houston
- Located Under 2 Miles From Rice ISD, Three Campuses that Serve 963 Students
- Texas Is the Second-Largest State in the United States by Both Area and Population
- Dollar General Has an S&P BBB Rating and Is Ranked #91 on the Fortune 500 List
- Rice | 40 Miles from Dallas, TX | Population: 1,118+