Dollar General Houston, TX

15411 Lee Rd
Houston, TX

Price: $1,789,000
Cap Rate: 5.75%
NOI: $102,824
Building Size: Approx. 9,026 Sq. Ft.
Lot Size: Approx. 1.56 Acres
Type: Single-Tenant / Retail
Sub Category: Dollar Store
Year Built: 2019

Investment Overview

  • 2019 Construction 9,026+/- SF Building on 1.56 +/- Acre Site
  • 15-year corporate absolute NNN lease with a 10% increase in each option period
  • Strategically located along Lee Rd (4,000+ VPD), a main north-south thoroughfare in Houston, TX
  • As of 3/23/20, Dollar General Stores Plan to Add 50K Jobs to Meet Demand
  • Within a 3-miles radius there are 52,000 residents | $74,000 average household income
  • Close proximity to major residential communities, elementary schools, and major national tenants such as McDonalds, Burger King, Mattress Firm and many more
  • Subject property approximately 15-miles north of downtown Houston, TX
  • Houston MSA 5th largest U.S. population

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