For Sale
$2,517,000
5702 Cielito Lindo Blvd Laredo, TX 78046
High-Yield Dollar Tree NNN Lease in Texas
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 133
Highlights
- $2,517,000 asking price for a 10,000 SF Dollar Tree (NASDAQ: DLTR) net-leased retail property.
- Brand new 2024 construction with a 10-year corporate lease, including four, five-year renewal options with rent increases.
- 7.15% cap rate and $180,000 annual NOI.
- High-traffic location on a signalized corner, visible to over 11,500 vehicles daily, adjacent to Lyndon B. Johnson High School and future development.
- Strong demographics: Average household income exceeding $57,000 within a 5-mile radius, and a population of 222,288 within a 5-mile radius projected to increase by 5.05% by 2028.
Property Details for 5702 Cielito Lindo Blvd
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 10,000 SF
- Year Built
- 2024
- Lot Size (sq. ft)
- 49,658 SF
Location Insight
- City
- Laredo
- County
- Webb
- State
- Texas
- Latitude
- 27.4326804
- Longitude
- -99.4642461
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-Yield Dollar Tree NNN Lease in Texas
- Where is the retail property located?
- The property is located at 5702 Cielito Lindo Blvd Laredo, TX.
- What is the asking price?
- The asking price for this property is $2,517,000.
- What are key features of this property?
- This property features: $2,517,000 asking price for a 10,000 SF Dollar Tree (NASDAQ: DLTR) net-leased retail property.; Brand new 2024 construction with a 10-year corporate lease, including four, five-year renewal options with rent increases.; 7.15% cap rate and $180,000 annual NOI.
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