Current Use by Public Records
- Specialty properties
Property Details for 1008 Brooks St
- Year built
- 2005
- Lot size
- 1.13 lot acres
- Property type
- Specialty properties
- Property subtype
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a 9,014 square foot Dollar General store located at 1008 S Brooks St, Brazoria, TX 77422. The property sits on a 1.13-acre lot and boasts a 7.50% cap rate with a current NOI of $66,000. The Net Lease (NN) structure minimizes landlord responsibilities, with the tenant responsible for most operating expenses, including HVAC repairs under $1,000. A concrete parking lot further reduces landlord maintenance. The property features a single unit, built in 2005, and is currently 100% occupied under a lease with approximately one year remaining. The lease commenced October 31, 2005, and expires November 29, 2025. The tenant, a credit-rated entity with a corporate guarantee, has exercised two 5-year lease options with 10% rent increases. Three additional 5-year options with 10% rent increases are available. The asking price is $880,000, translating to $97.63 per square foot and $880,000 per unit. The property benefits from excellent visibility on Brooks Street. A $338 monthly CAM payment is not included in the stated NOI. This is a prime opportunity to acquire a stable, high-performing retail asset in a strong Texas market.
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
- Brazoria
- County
- Brazoria
- State
- Texas
- Longitude
- -95.5696
- Latitude
- 29.037
