Property Details for 18806 Pearland Sites Rd

Lot size

1.36 lot acres

Property size

8,320 SF

Property type

Retail properties & Spaces

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a single-tenant, free-standing Family Dollar store in Pearland, Texas. Built in 2019, the 8,320-square-foot property sits on a 1.36-acre lot and boasts a strong 10.5-year Net Net Net (NNN) lease with a corporate guarantee from Family Dollar, Inc., a Fortune 500 company. The lease, commencing September 24, 2019, and expiring March 31, 2030, has approximately 5.4 years remaining, featuring built-in 5% rent increases every five years, providing a hedge against inflation. The property enjoys a 100% occupancy rate, generating a substantial Net Operating Income (NOI) of $97,369, resulting in a compelling 7.50% cap rate. Located at 18806 Pearland Sites Rd, Pearland, TX 77584, this strategically positioned asset benefits from high visibility on a major thoroughfare, proximity to significant residential growth, and a strong concentration of complementary retail businesses. The property's location within Brazoria County, a rapidly expanding area with a population increase exceeding 23% since 2010, ensures consistent demand and long-term value appreciation. The tenant's financial strength, coupled with the lease terms and location, makes this a highly attractive investment opportunity with significant potential for future returns. The property's recession-resistant business model, combined with its prime location in a thriving community, offers a secure and profitable investment prospect. The asking price is $1,298,253, translating to $156.04 per square foot.

Location Insight

City

Alvin

County

Brazoria

State

Texas

Longitude

-95.2893

Latitude

29.5027