5702 Cielito Lindo Blvd, Laredo, TX 78046
- Retail properties & Spaces
- 10,000 SF
- 1.14 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 5702 Cielito Lindo Blvd
- Year built
- 2024
- Lot size
- 1.14 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a brand-new, 10,000-square-foot Dollar Tree (DLTR) located at 5702 Cielito Lindo Blvd, Laredo, TX 78046. The property boasts a strong 7.15% cap rate and a substantial $180,000 annual NOI, supported by a corporate-guaranteed net lease. Built in 2024, this single-tenant retail building sits on a 1.14-acre lot in a high-traffic area, visible to over 11,500 vehicles daily. The lease includes four, five-year renewal options with built-in rental increases. The property benefits from its strategic location adjacent to Lyndon B. Johnson High School and across from future development, within a thriving community with an average household income exceeding $57,000 and a population of 222,288 within a 5-mile radius, projected to grow by 5.05% by 2028. The Dollar Tree store offers a diverse range of merchandise, catering to a broad customer base. This is a rare chance to acquire a high-performing, low-maintenance investment with a secure, long-term lease from a nationally recognized tenant. The asking price is $2,517,000, representing a price per square foot of $251.70. 100% occupancy ensures immediate cash flow.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Laredo
- County
- Webb
- State
- Texas
- Longitude
- -99.4642
- Latitude
- 27.4327
