Dollar General Investment
23412 FM 1485, New Caney, TX 77357
Call to check price and availability
NNN Dollar General with corporate guarantee and rental increases.
Type:Retail
Property size:
9,020 SFPrice / SF:
$102/SF- Added:
- Oct 2, 2025
- Days on Market:
- 223
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 23412 FM 1485
General Information
- Standard status
- Active
- Size
- 9,020 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing agent Jaime Salazar License #SL3452271
Listing office SRS Real Estate Partners South Florida (954) 703-3602
Listing date Oct 2, 2025
Source Crexi
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
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).
- 10% rental increases at the beginning of each option period.
- Benefits from nearby direct on/off ramp access to Interstate 69 (71,400 VPD).
- Located in a dense retail corridor with national tenants (Walmart, Starbucks, Walgreens, etc.).
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar Places Nearby
- Food Town — 20851 FM 1485, New Caney, TX 77357
Location Insight
- Map
- Local Demand
- City
- New Caney
- County
- Montgomery
- State
- Texas
- Longitude
- -95.206863
- Latitude
- 30.148542
Nearby Similar for Sale
FAQs
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 $920,727.
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).
