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NNN Lease pOpshelf Store

106 Lake Rd, Belton, TX

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Absolute NNN lease pOpshelf store in Belton, Texas.

Type:RETAIL

Property size:

10,640 SF

Lot size:

1.03 Acres

Price / SF:

$218/SF

HighLights

14+ Year Absolute NNN Lease pOpshelf (Dollar General Lease Guaranty)
Strong Real Estate in Explosive Demographic Market
Located Along the I‑35 Corridor 60 Miles North of Austin
1 Acre Parcel Along Lake Road - 23,000+ VPD in Front of Subject Property
Neighboring Tenants Include Walmart Supercenter, HEB, CVS, Walgreens
Upgraded Construction with Stone Along All Four Sides of the Building

We can help!

Listing Contact

Chance Hales

For Sale

Contact for pricing

Absolute NNN lease pOpshelf store in Belton, Texas.

Type:RETAIL

Property size:

10,640 SF

Lot size:

1.03 Acres

Price / SF:

$218/SF

Added:: May 31, 2024
Days on Market:: 751
Last Refresh:: May 20 at 8:33 pm

Property Features for 106 Lake Rd

General Information

Standard status: Active
Size: 10,640 SF
Lot size: 1.03 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Chance Hales

Listing agent Chance Hales License #TX 697980

Listing office Trinity Real Estate Investment Services - Corporate

Listing date May 31, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Trinity Real Estate Investment Services - Corporate

HighLights

14+ Year Absolute NNN Lease pOpshelf (Dollar General Lease Guaranty)
Strong Real Estate in Explosive Demographic Market
Located Along the I‑35 Corridor 60 Miles North of Austin
1 Acre Parcel Along Lake Road - 23,000+ VPD in Front of Subject Property
Neighboring Tenants Include Walmart Supercenter, HEB, CVS, Walgreens
Upgraded Construction with Stone Along All Four Sides of the Building

Overview

This property features a 14+ year absolute NNN lease with pOpshelf, guaranteed by Dollar General. The real estate is located in a rapidly growing demographic market in Belton, along the I-35 corridor, 60 miles north of Austin. Situated on a 1-acre parcel along Lake Road, the property benefits from high traffic, with over 23,000 vehicles per day passing by. Neighboring tenants include Walmart Supercenter, HEB, CVS, and Walgreens. The construction is upgraded with stone on all four sides of the building. pOpshelf is a newer concept for Dollar General, catering to higher-income shoppers and featuring seasonal items, beauty products, living room décor, party supplies, kitchenware, and more. The property size is 10,640 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$218.3k	$20.52
− Vacancy	−$12.4k	−$1.17
EGI	$205.9k	$19.35
− OpEx	−$61.8k	−$5.81
NOI	$144.1k	$13.55

10,640 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.06M

$1.80M – $2.40M (±1% cap)

NOI $144,121 @ 7.0% cap · market cap 6.19%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$118.78M

$103.93M – $138.58M (±1% cap)

NOI $8,314,649 @ 7.0% cap · market cap 357.12%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Location Insight

Map
Local Demand

City: Belton
County: Bell
State: Texas
Longitude: -97.4604
Latitude: 31.0851

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What type of property is this?

Storefront property - Absolute NNN lease pOpshelf store in Belton, Texas.

Where is this storefront property located?

The property is located at 106 Lake Rd Belton, TX.

What is the asking price?

The asking price for this property is $2,328,245.

What are key features of this property?

This property features: 14+ Year Absolute NNN Lease pOpshelf (Dollar General Lease Guaranty); Strong Real Estate in Explosive Demographic Market; Located Along the I‑35 Corridor 60 Miles North of Austin

106 Lake Rd, Belton, TX

Absolute NNN lease pOpshelf store in Belton, Texas.

Property Features for 106 Lake Rd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Versatile Commercial Building in Belton, TX

Office Building with Separate Entrances

High-Visibility Mixed-Use Development Site

Updated Retail Office Building

New Construction Duplex in Belton

RV Park Investment Property

Belton Commercial Property with Warehouses

Commercial Building with Upper Shell

Updated Storefront with High Visibility

Warehouse and Office Space Available

Belton, TX Land For Sale

Belton Commercial Property For Sale

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