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    1008 Brooks St Brazoria, TX 77422

    For Sale
    $880,000

    High-yield NN lease, strong tenant.

    Property size:
    9,014 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a 9,014 square foot Dollar General store located at 1008 S Brooks St, Brazoria, TX 77422. The property sits on a 1.13-acre lot and boasts a 7.50% cap rate with a current NOI of $66,000. The Net Lease (NN) structure minimizes landlord responsibilities, with the tenant responsible for most operating expenses, including HVAC repairs under $1,000. A concrete parking lot further reduces landlord maintenance. The property features a single unit, built in 2005, and is currently 100% occupied under a lease with approximately one year remaining. The lease commenced October 31, 2005, and expires November 29, 2025. The tenant, a credit-rated entity with a corporate guarantee, has exercised two 5-year lease options with 10% rent increases. Three additional 5-year options with 10% rent increases are available. The asking price is $880,000, translating to $97.63 per square foot and $880,000 per unit. The property benefits from excellent visibility on Brooks Street. A $338 monthly CAM payment is not included in the stated NOI. This is a prime opportunity to acquire a stable, high-performing retail asset in a strong Texas market.

    Property Features for 1008 Brooks St

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,014 SF
    Lot Size
    49,223 SF

    Building Details

    Year Built
    2005
    Units
    1

    HighLights

    • NN lease with Dollar General; 9,014 SF prototype store.
    • Dollar General has exercised two options, demonstrating strong performance and consistently paying full 10% rent increases.
    • $338 monthly CAM expense not included in NOI.
    • Concrete parking lot minimizes landlord maintenance responsibilities.
    • Tenant responsible for HVAC repairs under $1,000.
    • High visibility location on Brooks Street with nearly 10,000 vehicles per day.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Brazoria
    County
    Brazoria
    State
    Texas
    Longitude
    -95.5695631
    Latitude
    29.0369919

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    FAQs

    What type of property is this?
    Individual retail property - High-yield NN lease, strong tenant.
    Where is this individual retail property located?
    The property is located at 1008 Brooks St Brazoria, TX.
    What is the asking price?
    The asking price for this property is $880,000.
    What are key features of this property?
    This property features: NN lease with Dollar General; 9,014 SF prototype store.; Dollar General has exercised two options, demonstrating strong performance and consistently paying full 10% rent increases.; $338 monthly CAM expense not included in NOI.
    Request Owner's contact information
    1008 Brooks St Brazoria, TX 77422
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    Brazoria, TX 77422
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1008 Brooks St Brazoria, TX 77422
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