For Sale
$850,000

7665 Hwy 96 Brookeland, TX 75931

High-yield retail investment, 7+ years lease

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a 10,500 square foot retail property in Brookeland, Texas, housing a Dollar General/Dollar Tree combination store. The property boasts a strong 11.86% cap rate and a substantial $100,800 annual net operating income (NOI). Built in 2021, the single-tenant building sits on a 1.13-acre lot at 7665 U.S. Hwy 96 S, 75931, benefiting from high visibility and traffic counts exceeding 5,360 vehicles per day. The current lease, a triple net (NNN) agreement, features a corporate guarantee from a credit-rated tenant and has 7.2 years remaining until January 30, 2032. Rent increases are built in, with 5% bumps every five years. The asking price is $850,000, translating to $80.95 per square foot. The lease includes three 5-year renewal options, each with a 5% rent increase. This fee-simple ownership offers a secure, high-return investment with significant long-term potential. The property's location near Sam Rayburn Lake adds to its appeal. This is a rare opportunity to acquire a well-performing, established retail asset with a proven track record.

Highlights

  • 11.86% cap rate, strong NOI.
  • 7+ years remaining on corporate-guaranteed lease with Dollar General/Dollar Tree.
  • $850,000 asking price; $80.95/SF.
  • 10,500 SF building on 1.13-acre lot in Brookeland, TX (high traffic area).
  • Triple-net (NNN) lease; tenant responsible for insurance, taxes, and landscaping.
  • Fortune 500 tenant (Dollar Tree, S&P BBB rating).

Property Details for 7665 Hwy 96

Property type
Specialty properties, Retail properties
Square Feet
10,500 SF
Year Built
2021
Buildings
1
Lot Size (sq. ft)
49,223 SF
Units
1

Location Insight

City
Brookeland
County
Sabine
State
Texas
Latitude
31.145184987704
Longitude
-93.984203617346

FAQs

What type of property is this?
Specialty property - High-yield retail investment, 7+ years lease
Where is the specialty property located?
The property is located at 7665 Hwy 96 Brookeland, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 11.86% cap rate, strong NOI.; 7+ years remaining on corporate-guaranteed lease with Dollar General/Dollar Tree.; $850,000 asking price; $80.95/SF.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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7665 Hwy 96
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