Houston Texas Dollar General - 290K 5 Mile Population

5001 Lockwood Dr Houston, TX 77026

5001 Lockwood Dr, Houston, TX, 77026
5001 Lockwood Dr, Houston, TX, 77026
FOR SALE
Property Type:
Free Standing Building
Amount:
$1,836,400
Last Verified:
Jun 12, 2019

Highlights

  • Rare Dense Urban Infill Dollar General in Largest City in Texas
  • Absolute NNN Lease with 14 Years Remaining on Current Term
  • Robust 290,000+ 5 Mile Population
  • Opportunity to Acquire Dollar General with Intrinsic Real Estate Value Along with Strong Yield for Investment Grade Tenant
  • Great Location Just Inside the Outer Ring of Houston
  • 15K VPD in Front of Subject Property and Direct On/Off Access to I-610 (136K+ VPD)
  • Large Concrete Parking Lot with Great Visibility and Raised Foundation

Description

Trinity REIS is pleased to present the opportunity to acquire an Absolute NNN lease Dollar General with over 14 years remaining on the current term. The subject property is perfectly positioned in a dense urban infill, a mere 6 miles from downtown Houston. With a 5 mile population of over 290,000 residents and daily traffic counts over 15K, it is safe to say this Dollar General has a prime location just outside the outer ring of the nation's 4th most populous city.

The Subject Property is located along Lockwood Drive (15K+ VPD) just inside the outer ring (I-610) of Houston, Texas. The building sits on a 1+ acre corner lot. The immediate area is surrounded by residential, retail and industrial tenants, along with schools, medical and mixed use properties, creating the ideal location for a Dollar General Investment property.

The rare opportunity to acquire a Dollar General in a dense infill location that has intrinsic real estate value.


Year Built: 2018
Building Size: 7489.0sq ft
Lot Size: 1.04 acres

Map of 5001 Lockwood Dr, Houston, TX, 77026

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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:

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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
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