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