7665 Hwy 96 Brookeland, TX 75931
- Specialty properties
- 10,500 SF
- 1.13 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 7665 Hwy 96
- Year built
- 2021
- Lot size
- 1.13 lot acres
- Property size
- 10,500 SF
- Property type
- Specialty properties
- Property subtype
- Retail properties
Description
This exceptional investment opportunity presents a 10,500 square foot retail property in Brookeland, Texas, housing a Dollar General/Dollar Tree combination store. The property boasts a strong 11.86% cap rate and a substantial $100,800 annual net operating income (NOI). Built in 2021, the single-tenant building sits on a 1.13-acre lot at 7665 U.S. Hwy 96 S, 75931, benefiting from high visibility and traffic counts exceeding 5,360 vehicles per day. The current lease, a triple net (NNN) agreement, features a corporate guarantee from a credit-rated tenant and has 7.2 years remaining until January 30, 2032. Rent increases are built in, with 5% bumps every five years. The asking price is $850,000, translating to $80.95 per square foot. The lease includes three 5-year renewal options, each with a 5% rent increase. This fee-simple ownership offers a secure, high-return investment with significant long-term potential. The property's location near Sam Rayburn Lake adds to its appeal. This is a rare opportunity to acquire a well-performing, established retail asset with a proven track record.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brookeland
- County
- Sabine
- State
- Texas
- Longitude
- -93.9842
- Latitude
- 31.1452
