Dollar General Retail
New
For Sale
$969,600
729 W Ocean Blvd Los, Los Fresnos, TX 78566
Adjacent to a Walmart Supercenter within an established retail corridor.
Property Size9,100 SF
Days on Market5
Property Features for 729 W Ocean Blvd Los
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Free Standing Building
Building Details
Building Size
9,100 SF
Year Built
2003
Tenancy
Single
Listing Agency:
Trinity Real Estate Investment Services
(325) 400-5964
Listed By:
Matt Davis · License #657251
(325) 400-5964
Source:
Thebrokerlist
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 12 at 3:11AM
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.
This retail property is occupied by Dollar General and was built in 2003. The tenant has recently exercised a renewal, reflecting continued occupancy at the site. The lease includes 2 (5) year options with 10% increases in rent.
Located at 729 W Ocean Blvd in Los Fresnos, Texas, the property sits next to a Walmart Supercenter and fronts a retail corridor with daily traffic counts exceeding 20,000. The site is positioned within a growing area with population projections continuing through 2031.
Located at 729 W Ocean Blvd in Los Fresnos, Texas, the property sits next to a Walmart Supercenter and fronts a retail corridor with daily traffic counts exceeding 20,000. The site is positioned within a growing area with population projections continuing through 2031.
Key Highlights
- Dollar General occupancy with a recently exercised renewal
- Adjacent to a Walmart Supercenter
- Daily traffic counts exceeding 20,000
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$86,591
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,731,820
$1.7M
Cap Rate 7%
$1,237,014
$1.2M
Cap Rate 9%
$962,122
$962.1K
Market Conditions
NOI Build-Up for 9,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$131.0K $14.40/SF
− Vacancy
−$7.3K −$0.81/SF
EGI
$123.7K $13.59/SF
− OpEx
−$37.1K −$4.08/SF
NOI
$86.6K $9.52/SF
Area
Cameron County, TX
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,731,820
Cap Rate 7%
$1,237,014
Cap Rate 9%
$962,122
Alternative Uses
Best Use
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $92,776 @ 7.0% cap · market cap 9.57%
Second Best
Retail
$1.24M
$1.08M – $1.44M
NOI $86,591 @ 7.0% cap · market cap 8.93%
Theoretical Best
Healthcare Medical
$1.57M
$1.37M – $1.83M
NOI $109,680 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
105k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 48%
Electronics 1%
Whataburger
Dining
25,608 visits/mo
0.4 miles
Circle K
Shops & Services
14,977 visits/mo
0.5 miles
Dollar Tree
Shops & Services
14,157 visits/mo
0.3 miles
Stars Drive-In
Dining
9,692 visits/mo
0.5 miles
Dollar General
Shops & Services
8,548 visits/mo
0.3 miles
Demographics for 78566, TX
23,704
Population
8,275
Households
2.9
Avg Household Size
31
Median Age
20%
College-Educated
73%
High-School Grad
139.0 sq mi
ZIP Area
171
Density / Sq Mi
$64,385
Median Household Income
$36,605
Median Earnings
$863
Median Rent
$138,100
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?
Retail space - Adjacent to a Walmart Supercenter within an established retail corridor.
Where is this retail space located?
The property is located at 729 W Ocean Blvd Los Los Fresnos, TX.
What is the asking price?
The asking price for this property is $969,600.
What are key features of this property?
This property features: Dollar General occupancy with a recently exercised renewal; Adjacent to a Walmart Supercenter; Daily traffic counts exceeding 20,000
