136 Crosstimbers StHouston, TX 77022

This exceptional investment opportunity presents a 9,014 square foot Dollar General storefront located at 136 E Crosstimbers St, Houston, TX 77022. The property sits on a 0.77-acre lot and boasts a strong location within a densely populated residential area, with over 386,724 residents within a 5-mile radius. Benefitting from high visibility on Crosstimbers Rd, experiencing traffic counts exceeding 17,000 vehicles daily, this property is surrounded by numerous national retailers including Walmart, McDonald's, Walgreens, and more. The property features a Net Lease (NNN) structure with a corporate guarantee from Dollar General, an investment-grade tenant with an S&P credit rating of BBB, minimizing landlord responsibilities. The current lease, commencing May 1, 2010, has a remaining term of approximately 0.4 years, with a 1 x 2-year option. The asking price is $1,115,000, representing a price per square foot of $123.70 and a 6.75% cap rate based on a current NOI of $75,114. Built in 2010, this property offers a value-add opportunity due to below-market rent and the short remaining lease term. The property is currently 100% occupied. This is a rare chance to acquire a well-located, high-performing retail asset with a strong tenant.