5001 Lockwood Dr, Houston, Texas 77026

Sale Information

Asking Price: $1,836,400

Building Size: 7,489 SQ FT

Lot Size: 45302

Cost per Square Foot: $245.21

Cap Rate: 6.00%

NOI: $110,184.00

Property Overview

Trinity REIS is pleased to present the opportunity to acquire an Absolute NNN lease Dollar General with over 14 years remaining on the current term. The subject property is perfectly positioned in a dense urban infill, a mere 6 miles from downtown Houston. With a 5 mile population of over 290,000 residents and daily traffic counts over 15K, it is safe to say this Dollar General has a prime location just outside the outer ring of the nation's 4th most populous city.

Built: 2018

Occupancy: 100%

Property Details

Key Points: Rare Dense Urban Infill Dollar General in Largest City in Texas Absolute NNN Lease with 14 Years Remaining on Current Term Robust 290,000+ 5 Mile Population Opportunity to Acquire Dollar General with Intrinsic Real Estate Value Along with Strong Yield for Investment Grade Tenant Great Location Just Inside the Outer Ring of Houston 15K VPD in Front of Subject Property and Direct On/Off Access to I-610 (136K+ VPD) Large Concrete Parking Lot with Great Visibility and Raised Foundation

Broker Information

Trinity Real Estate Investment Services
Branson Blackburn

b.blackburn@trinityreis.com

www.trinityreis.com/

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