For Sale
$2,035,000

26244 Tx-105Montgomery, TX 77316

High-Yield NNN Lease, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fee-simple ownership of a 9,026 square foot retail property located at 26244 TX-105, Montgomery, TX 77316. The property is currently leased to Dollar General under a triple-net (NNN) lease, absolving the owner of all landlord responsibilities. The lease commenced July 26, 2021, and has a remaining term of approximately 11.7 years, with three five-year renewal options. The asking price is $2,035,000, representing a compelling cap rate of 5.65% and a price per square foot of $225.46. The property boasts a strong net operating income (NOI) of $114,971. Built in 2021, this Class A retail space benefits from a corporate guarantee from Dollar General, a Fortune 500 company with a history of consistent growth and over 17,000 stores nationwide. The property's location within Montgomery County, Texas, offers significant advantages, including a high average household income exceeding $105,514 within a three-mile radius and a robust growth rate of over 37% within a five-mile radius over the past decade. Its proximity to Houston, a major metropolitan area, further enhances its investment potential. This is a rare opportunity to acquire a high-quality, net-leased retail property with a strong tenant and significant long-term growth prospects.

Highlights

  • Corporate lease with Dollar General Corporation.
  • 13-year remaining lease term.
  • Triple-net (NNN) lease; zero landlord responsibilities.
  • High-quality construction; built in 2021.
  • Investment-grade credit rating: Baa2/BBB.
  • Strong demographics; average household income over $105,514 within a 3-mile radius.

Property Details for 26244 Tx-105

Property type
Retail properties, Drug stores
Square Feet
9,026 SF
Class
A
Year Built
2021

Location Insight

City
Montgomery
County
Montgomery
State
Texas
Latitude
30.3642844
Longitude
-95.7793248
26244 Tx-105, Montgomery, Texas

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26244 Tx-105
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