18806 Pearland Sites Rd Alvin, TX 77584

Property Details for 18806 Pearland Sites Rd

Lot size

1.36 lot acres

Property size

8,320 SF

Property type

Retail properties

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