Dollar General Houston, TX

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