3163 Wildflower DrBryan, TX 77802

For Sale
$2,702,922

High-growth retail investment; strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 10,640 square foot pOpshelf, a Dollar General Corporation (NYSE: DG) concept, located at 3163 Wildflower Dr, Bryan, TX 77802. The property, built in 2023, sits on a 0.456-acre lot and enjoys a prime location within Bryan Towne Center, shadow-anchored by Target. This is the only pOpshelf serving the Bryan/College Station metro area, benefiting from a high-traffic location at the intersection of Briarcrest Drive and Highway 6, boasting nearly 60,000 vehicles per day. The 15-year NNN lease, commencing October 2023, includes four 5-year renewal options with 10% rent increases, providing significant long-term stability. Dollar General Corporation, an investment-grade tenant (Moody's: Baa2, S&P: BBB), reported $38.7 billion in net sales in FY2023 and continues to demonstrate strong year-over-year growth. The property's proximity to Texas A&M University (5 miles) serves a population of approximately 155,000 within a 5-mile radius, a growing middle-class demographic perfectly aligned with pOpshelf's target market. The asking price is $2,702,922, representing a 6.35% cap rate. The property is currently 100% occupied. This presents a compelling investment opportunity with significant upside potential.

Highlights

  • 15-year NNN lease with four, 5-year renewal options at 10% rent increases; commenced October 2023.
  • pOpshelf, a Dollar General (NYSE: DG) concept, targets affluent suburban shoppers; over 200 locations nationwide.
  • Investment-grade tenant (Moody's: Baa2, S&P: BBB) with $38.7 billion in FY2023 net sales and strong year-over-year growth.
  • Shadow-anchored by Target in Bryan Towne Center; one of only two Target locations serving Bryan/College Station.
  • High-traffic location at Briarcrest Drive and Highway 6, nearly 60,000 VPD, surrounded by national retailers.
  • Located 5 miles from Texas A&M University, serving a population of approximately 155,000 within a 5-mile radius, with a growing middle-class demographic.

Property Details for 3163 Wildflower Dr

Property type
Lifestyle centers, Power centers
Square Feet
10,640 SF
Year Built
2023
Lot Size (sq. ft)
19,863 SF

Location Insight

City
Bryan
County
Brazos
State
Texas
Latitude
30.661645
Longitude
-96.320113
3163 Wildflower Dr, Bryan, Texas

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3163 Wildflower Dr
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