Dollar General Investment
For Sale
Contact for pricing
23412 FM 1485, New Caney, TX 77357
NNN Dollar General with corporate guarantee and rental increases.
Property Size9,020 SF
Price / SF$97.31
Days on Market140
Property Features for 23412 FM 1485
General Information
Standard status
Active
Size
9,020 SF
Total Parking Spaces
31
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$65,832
Building Details
Year Built
2005
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
SRS Real Estate Partners South Florida
(954) 703-3602
Listed By:
Jaime Salazar · License #SL3452271
Source:
Crexi
Added: Mar 27
Changed: Aug 12
Last Checked: Aug 12 at 12:51PM
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 SRS Real Estate Partners South Florida
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Corporate guaranteed lease by Dollar General, Corp. (S&P: BBB).
- 6+ years remaining on the current lease** with 2 (5‑year) options to extend.
- Located near the signalized intersection of FM Rd and State Hwy 494 (33,100 VPD).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
95k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 46%
Dining 36%
Shops & Services 16%
Electronics 2%
Lewis Food Town
Groceries
29,626 visits/mo
0.2 miles
Burger King
Dining
16,613 visits/mo
0.1 miles
La Michoacana Meat Market
Groceries
14,077 visits/mo
0.1 miles
Taco Bell
Dining
13,133 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
5,926 visits/mo
0.2 miles
Demographics for 77357, TX
30,339
Population
12,638
Households
2.4
Avg Household Size
34
Median Age
15%
College-Educated
80%
High-School Grad
67.1 sq mi
ZIP Area
452
Density / Sq Mi
$73,773
Median Household Income
$40,211
Median Earnings
$1,366
Median Rent
$218,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Food Town — 20851 FM 1485, New Caney, TX 77357
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - NNN Dollar General with corporate guarantee and rental increases.
Where is this grocery and convenience store located?
The property is located at 23412 FM 1485 New Caney, TX.
What is the asking price?
The asking price for this property is $877,760.
What are key features of this property?
This property features: Corporate guaranteed lease by Dollar General, Corp. (S&P: BBB).; 6+ years remaining on the current lease** with 2 (5‑year) options to extend.; Located near the signalized intersection of FM Rd and State Hwy 494 (33,100 VPD).
