1008 Brooks StBrazoria, TX 77422

Property Details for 1008 Brooks St

Year built

2005

Lot size

1.13 AC

Property size (Sq ft)

9,014 SF

Property type

Specialty properties

Property subtype

Retail properties

Description

This exceptional investment opportunity presents a 9,014 square foot Dollar General store located at 1008 S Brooks St, Brazoria, TX 77422. The property sits on a 1.13-acre lot and boasts a 7.50% cap rate with a current NOI of $66,000. The Net Lease (NN) structure minimizes landlord responsibilities, with the tenant responsible for most operating expenses, including HVAC repairs under $1,000. A concrete parking lot further reduces landlord maintenance. The property features a single unit, built in 2005, and is currently 100% occupied under a lease with approximately one year remaining. The lease commenced October 31, 2005, and expires November 29, 2025. The tenant, a credit-rated entity with a corporate guarantee, has exercised two 5-year lease options with 10% rent increases. Three additional 5-year options with 10% rent increases are available. The asking price is $880,000, translating to $97.63 per square foot and $880,000 per unit. The property benefits from excellent visibility on Brooks Street. A $338 monthly CAM payment is not included in the stated NOI. This is a prime opportunity to acquire a stable, high-performing retail asset in a strong Texas market.

Location Insight

City

Brazoria

County

Brazoria

State

Texas

Latitude

29.037

Longitude

-95.5696

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