21621 Fm 2100 RdCrosby, TX 77532

Property Details for 21621 Fm 2100 Rd

Year built

2016

Construction

METAL FRAME

Lot size

4.09 AC

Property size (Sq ft)

9,360 SF

Property type

Retail space

APN

1231780010026

APU

1231780010026

Description

This exceptional investment opportunity presents a 9,100 square foot Dollar General store located at 21621 FM 2100, Crosby, Texas 77532. The property sits on a 4.09-acre lot and boasts a 100% occupancy rate with a strong corporate guarantee from Dollar General. The absolute NNN lease commenced April 30, 2016, and has a remaining term of approximately 6.4 years, expiring April 29, 2031. The lease includes five, 5-year renewal options with 10% rent bumps. The property generates a substantial net operating income (NOI) of $99,868, resulting in a 7.00% cap rate. The asking price is $1,426,685, translating to a price per square foot of $156.78. Built in 2016, this single-unit retail building benefits from excellent visibility on FM 2100, a road with over 17,460 vehicles passing daily. The property is strategically located at the entrance of Saddle Creek Farms, an affluent lakeside community, within a 5-mile radius boasting a population exceeding 59,644 residents and an average household income of over $129,000. This location, 29 miles northeast of downtown Houston, offers significant growth potential within a densely populated area. The property's size and location make it an attractive investment with a secure, long-term lease.

• CAP approach

  CAP return

  Valuation

  6%

  $3,782,372

  6.5%

  $3,491,420

  7%

  $3,242,033

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,455,144

  Geo Method

  $7,061,772

• Alternative Use

  Use

  Valuation

  Residential

  $2,945,144

  Hospitality

  $2,697,736

  Educational

  $2,244,484

  Medical

  $2,321,676

  Retail

  $3,491,420

Location Insight

City

Crosby

County

Harris

State

Texas

Latitude

29.9907

Longitude

-95.0924

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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