Current Use by Public Records
- Lifestyle centers
Property Details for 3416 West Loop
- Year built
- 2022
- Lot size
- 1.25 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a fee-simple, 10,857 square-foot Dollar General store in El Campo, Texas. Built in 2022, this single-story building sits on a 1.25-acre lot and boasts a 15-year absolute NNN lease with four, 5-year options, each including a 10% rent increase. The lease commenced August 26, 2022, and expires August 31, 2037, leaving a substantial 12.8 years remaining. The property benefits from a credit-rated tenant with a corporate guarantee, ensuring consistent income. With a current NOI of $136,500 and an asking price of $2,335,000, this translates to a compelling 5.85% cap rate and a price per square foot of $215.07. The property's location within the Houston MSA, approximately 70 miles west of Houston, offers access to a population exceeding 18,000 within a 10-mile radius. This build-to-suit property is 100% occupied and represents a secure, long-term investment opportunity in a high-traffic area. The property is classified as a grocery store, shopping center, and storefront.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- El Campo
- County
- Wharton
- State
- Texas
- Longitude
- -96.2877
- Latitude
- 29.2183
