18806 Pearland Sites Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
18806 Pearland Sites Rd
8,320 SF Retail Building Pearland, TX 77584 £1,024,322 (£123/SF)
Investment Highlights
- Prime Visibility on Pearland Sites Road
- Prominent Retail Location near H-E-B and Lowe’s Home Improvement
- Close to Houston’s Central Business District
- Booming Residential Area
- Rapid Population Growth
- Fastest-Growing City in Houston Metro
Executive Summary
Constructed in 2019, this 8,320-square-foot free-standing Family Dollar is secured by a 10.5-year lease set to expire in March 2030. The lease features six, 5-year renewal options, each with a 5% rental increase, ensuring long-term income growth.
Corporate Backed Long Term Lease – Family Dollar, Inc signed a new 10.5 year lease, which commenced in September 2019, leaving approximately 5.25 years remaining on the firm lease term.
Attractive Rent Increases – Lease features 5% rent increases every 5 years, providing a hedge against inflation and steady income growth.
Investment-Grade Tenant (NASDAQ: DLTR | BBB) – Leased to Family Dollar, Inc a subsidiary of Dollar Tree, with strong financial stability and a stable outlook by Standard & Poor’s.
Ranked #137 on the 2024 Fortune 500 List - In 2015, Dollar Tree acquired Family Dollar for $8.5B. Together they are considered the nation’s largest small-box discount retailer, operating over 16,000 +/- locations with annual revenue exceeding $30 billion in 2023.
Committed Tenant – Site was hand selected by Family Dollar and built-to-suit according to their specifications in 2019.
Recession Proof Concept - Dollar Tree/Family Dollar is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same-store sales/profitability.
Corporate Backed Long Term Lease – Family Dollar, Inc signed a new 10.5 year lease, which commenced in September 2019, leaving approximately 5.25 years remaining on the firm lease term.
Attractive Rent Increases – Lease features 5% rent increases every 5 years, providing a hedge against inflation and steady income growth.
Investment-Grade Tenant (NASDAQ: DLTR | BBB) – Leased to Family Dollar, Inc a subsidiary of Dollar Tree, with strong financial stability and a stable outlook by Standard & Poor’s.
Ranked #137 on the 2024 Fortune 500 List - In 2015, Dollar Tree acquired Family Dollar for $8.5B. Together they are considered the nation’s largest small-box discount retailer, operating over 16,000 +/- locations with annual revenue exceeding $30 billion in 2023.
Committed Tenant – Site was hand selected by Family Dollar and built-to-suit according to their specifications in 2019.
Recession Proof Concept - Dollar Tree/Family Dollar is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same-store sales/profitability.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
8,320 SF
Building Class
C
Year Built
2019
Price
£1,024,322
Price Per SF
£123
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Land Acres
1.36 AC
Parking
32 Spaces (3.85 Spaces per 1,000 SF Leased)
Frontage
115 ft on County Road 143
Amenities
- Signage
- Wheelchair Accessible
PROPERTY TAXES
| Parcel Number | 0293-0021-001 | Improvements Assessment | £1,298,789 |
| Land Assessment | £73,598 | Total Assessment | £1,372,387 |
PROPERTY TAXES
Parcel Number
0293-0021-001
Land Assessment
£73,598
Improvements Assessment
£1,298,789
Total Assessment
£1,372,387
-
Blake Tagmyer -
Amy Thompson -
Cushman & Wakefield
1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
18806 Pearland Sites Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.