21621 Fm 2100th Rd Crosby, TX 77532-3496

This exceptional investment opportunity presents a 9,100 square foot Dollar General store located at 21621 FM 2100, Crosby, Texas 77532. The property sits on a 4.09-acre lot and boasts a 100% occupancy rate with a strong corporate guarantee from Dollar General. The absolute NNN lease commenced April 30, 2016, and has a remaining term of approximately 6.4 years, expiring April 29, 2031. The lease includes five, 5-year renewal options with 10% rent bumps. The property generates a substantial net operating income (NOI) of $99,868, resulting in a 7.00% cap rate. The asking price is $1,426,685, translating to a price per square foot of $156.78. Built in 2016, this single-unit retail building benefits from excellent visibility on FM 2100, a road with over 17,460 vehicles passing daily. The property is strategically located at the entrance of Saddle Creek Farms, an affluent lakeside community, within a 5-mile radius boasting a population exceeding 59,644 residents and an average household income of over $129,000. This location, 29 miles northeast of downtown Houston, offers significant growth potential within a densely populated area. The property's size and location make it an attractive investment with a secure, long-term lease.