5702 Cielito Lindo BlvdLaredo, TX 78046

Property Details for 5702 Cielito Lindo Blvd

Year built

2024

Lot size

1.14 AC

Property size (Sq ft)

10,000 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a brand-new, 10,000-square-foot Dollar Tree (DLTR) located at 5702 Cielito Lindo Blvd, Laredo, TX 78046. The property boasts a strong 7.15% cap rate and a substantial $180,000 annual NOI, supported by a corporate-guaranteed net lease. Built in 2024, this single-tenant retail building sits on a 1.14-acre lot in a high-traffic area, visible to over 11,500 vehicles daily. The lease includes four, five-year renewal options with built-in rental increases. The property benefits from its strategic location adjacent to Lyndon B. Johnson High School and across from future development, within a thriving community with an average household income exceeding $57,000 and a population of 222,288 within a 5-mile radius, projected to grow by 5.05% by 2028. The Dollar Tree store offers a diverse range of merchandise, catering to a broad customer base. This is a rare chance to acquire a high-performing, low-maintenance investment with a secure, long-term lease from a nationally recognized tenant. The asking price is $2,517,000, representing a price per square foot of $251.70. 100% occupancy ensures immediate cash flow.

Location Insight

City

Laredo

County

Webb

State

Texas

Latitude

27.4327

Longitude

-99.4642

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