16211 Wallisville Road
Houston, TX
Price:
$1,931,000
Cap Rate:
5.75%
NOI:
$111,024
Building Size:
Approx. 7,489 Sq. Ft.
Lot Size:
Approx. 1.55 Acres
Type:
Single-Tenant / Retail
Sub Category:
Dollar Store
Year Built:
2019
Investment Overview
- 2019 Construction 7,489+/- SF Building on 1.50 +/- Acre Site
- 15-year corporate absolute NNN lease with a 10% increase in each option period
- Strategically located along Wallisville Rd. (7,615+ VPD), the main east-west thoroughfare in the region
- As of 3/23/20, Dollar General Stores Plan to Add 50K Jobs to Meet Demand
- Close proximity to major residential communities, elementary schools, and major national tenants such as Lowe’s, CVS, PetSmart and many more
- Subject property approximately 15-miles east of downtown Houston, TX
- Houston MSA 5th largest U.S. population