23412 FM 1485 New Caney, TX 77357

This property is leased to Dollar General, which has over six years remaining on the current lease, with two five-year options to extend. The lease includes 10% rental increases at the beginning of each option period. The lease is corporate guaranteed by Dollar General, Corp., an investment-grade company (S&P: BBB), a nationally recognized and established discount store with more than 20,345 locations as of August 2024. The Dollar General is located near the signalized, hard corner intersection of FM Rd and State Hwy 494, which together average 33,100 vehicles per day. The site benefits from nearby direct on/off ramp access to Interstate 69, a major thoroughfare with an average daily traffic count of 71,400 vehicles. The property is situated in a dense retail corridor, surrounded by national and credit tenants, including Walmart Supercenter, Starbucks, Walgreens, Taco Bell, McDonald’s, and O’Reilly Auto Parts. This strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. Furthermore, the asset is in close proximity to New Caney Elementary School, which has 642 students, further increasing consumer traffic to the site. The property size is 9,020 square feet.