201 Mulberry St Angleton, TX 77515

This fee-simple investment opportunity presents a 9,180 square foot Family Dollar grocery store in Angleton, Texas. Built in 2015, the property sits on a 1.36-acre lot with 46 parking spaces and boasts a strong 8.56% cap rate, generating a net operating income (NOI) of $128,326. The property features a corporate-guaranteed, absolute NNN lease with a prominent location on a signalized, hard-corner intersection averaging over 30,000 vehicles per day, offering excellent visibility and access to State Hwy 288. The lease, with approximately seven years remaining and six five-year extension options, includes a 10% rent increase after year ten and at the start of each option period. This provides a hedge against inflation and ensures consistent NOI growth. The property benefits from its location near other major retailers, including H-E-B, Walmart, and Kroger, within a 5-mile trade area with a population exceeding 25,200 and an average household income of $104,970. The property's zoning is C-G (Commercial-General), and the asking price is $1,500,000, translating to $163.40 per square foot. The absence of landlord responsibilities makes this an ideal, low-maintenance investment. The property's strong tenant, favorable lease terms, and prime location make it a compelling investment opportunity. The Brazoria County location, with APN 1310-0278-000, further solidifies its value.