Dollar General - New TX Development - Lake Community

16000 Walden Road Montgomery, TX 77356

FOR SALE
Property Type:
Street Retail
Amount:
$2,214,287
Last Verified:
Apr 16, 2021

Highlights

  • New Development Absolute NNN Dollar General - Rent Set to Commence May 2021
  • Massive Growth Rate of 38.47% Between 2010-2020 in a 3 Mile Radius
  • Situated Near Margaritaville Lake Resort - Major Tourist Attraction for Lake Conroe
  • Located Directly Across the Street From the Entrance of Del Lago Estates Gated Community - Multiple Houses Valued Well Over $1M
  • Healthy 5 Mile Demographics With 39,750+ Residents
  • Located in an Affluent Lakeside Community With Avg. Household Income of $122,380 in 1 Mile Radius
  • Great Visibility From Walden Road, Generating 9,620+ VPD
  • Located Near Numerous National Credit Tenants Including Starbucks, Walmart, Chick-fil-a, Walgreens, Whataburger & More
  • Dollar General is a Recession-Proof and an Investment Grade Tenant With an S&P Credit Rating of BBB (the Same as Walgreens)

Description

Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a brand new development Dollar General in Montgomery, TX. Rent commences May of 2021, leaving a full 15 years remaining.

tbd


Year Built: 2021
Building Size: 9026sq ft
Lot Size: 2.59 acres

Map of 16000 Walden Road, Montgomery, TX, 77356

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.