Dollar General NNN
For Sale
Contact for pricing
Pending
406 University Drive, Prairie View, TX 77445
Brand-new convenience retail development with an absolute NNN lease and long-term contractual rent increases.
Property SizeContact for details
Days on Market41
Property Features for 406 University Drive
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Traffic Count
10,900 vehicles/day
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Trinity Real Estate Investment Services
(325) 864-9775
Listed By:
Branson Blackburn · License #TX 611825
Source:
Crexi
Added: Jul 21
Changed: Aug 30
Last Checked: Aug 30 at 5:23AM
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
Investment Insights
Based on property information with market context.
Located at 406 University Drive in Prairie View, this brand-new Dollar General development is structured under an absolute NNN lease. The primary lease term is 15 years, with 10% rental increases scheduled during each five-year option period. Rent commencement is identified as July 2016, with delivery set for 7/1/2016.
The property sits just off US Hwy 290, approximately 30 miles outside Houston, and near Prairie View A&M University. The university reports enrollment exceeding 8,300 students. Area metrics include traffic counts above 10,900 VPD, a 1-mile population of more than 4,600, and 1-mile average household income over $60K.
The property sits just off US Hwy 290, approximately 30 miles outside Houston, and near Prairie View A&M University. The university reports enrollment exceeding 8,300 students. Area metrics include traffic counts above 10,900 VPD, a 1-mile population of more than 4,600, and 1-mile average household income over $60K.
Key Highlights
- Brand‑new Dollar General development at 406 University Drive
- Absolute NNN lease with a 15‑year primary term
- 10% rental increases at each 5‑year option period
Property Analytics
Current Use
Lease Details
10,900 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Explore this area
Business Placement
Demographics for 77445, TX
14,160
Population
5,810
Households
2.4
Avg Household Size
37
Median Age
13%
College-Educated
84%
High-School Grad
185.8 sq mi
ZIP Area
76
Density / Sq Mi
$63,650
Median Household Income
$32,347
Median Earnings
$1,251
Median Rent
$270,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Brand-new convenience retail development with an absolute NNN lease and long-term contractual rent increases.
Where is this nnn property located?
The property is located at 406 University Drive Prairie View, TX.
What are key features of this property?
This property features: Brand‑new Dollar General development at 406 University Drive; Absolute NNN lease with a 15‑year primary term; 10% rental increases at each 5‑year option period
