Listing Agency: Trinity Real Estate Investment Services c***@trinityreis.com Show Phone

Listed By: Chance Hales · License #597585

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 7:11AM

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Investment Insights

Based on property information with market context.

This newly developed retail property is leased to Dollar General, with rent commencing in August 2022. The offering carries a stated 6.00% cap rate and is located at 11493 FM359 in Pattison, Texas.

The property is positioned within the Houston MSA and represents a single-tenant retail asset associated with the Dollar General brand. The available information identifies the site as a retail space and provides an established rental commencement date for evaluation.

Key Highlights

• New development Dollar General retail property
• Rent commenced August 2022
• Stated 6.00% cap rate

Property Analytics

Property Profile

Current Use

Western Union Bank

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Auto Repair Shop Discount Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

14

Businesses Nearby

3k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

3,463 visits/mo 0.3 miles

Demographics for 77423, TX

16,152

Population

5,612

Households

2.9

Avg Household Size

34

Median Age

28%

College-Educated

82%

High-School Grad

148.6 sq mi

ZIP Area

109

Density / Sq Mi

$82,280

Median Household Income

$49,918

Median Earnings

$1,340

Median Rent

$266,100

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Newly developed retail property with rent beginning in August 2022 and a stated 6.00% cap rate.

Where is this retail space located?

The property is located at 11493 FM359 Pattison, TX.

What are key features of this property?

This property features: New development Dollar General retail property; Rent commenced August 2022; Stated 6.00% cap rate