Popshelf

3416 West Loop, El Campo, TX 77437

$2,335,000

Cap Rate 5.85%

Views: 177 DOM: 298 Updated: 10.25.24 Posted: 02.09.24 Status: Active

Summary

Price $2,335,000	Built/Renov 2022	Tenant Popshelf
Cap Rate 5.85%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 10,857	Lease Start 08-26-2022	#Units 216
Price/SF $215.07	Expiration 08-31-2037	Tenant Type Dollar/Discount
NOI $136,500	R. Term 12.9	Ownership Fee Simple
Rent/SF $12.57	Increases 10.0%/13/yrs	Pop 5Mi 15,739
Lot/AC 1.25	Options 4/5yrs/10%	AHHI 5Mi $70,475

Klinton Lewis

Embree

Contact

Lease Highlights

pOpshelf has 12+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 10% rental increases at the start of each option period
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Popshelf is strategically located on West Loop, with access to 11,576 vehicles passing by daily. The property is surrounded by well-known national tenants, including Tractor Supply Co, Great Clips, AT&T, Mattress Firm, Burger King, and more. In the vicinity are El Campo Middle School, DaVita El Campo Memorial Hospital, Sutherlands, and more. The 5-mile trade area is supported by a population...

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Key Features

New construction
Near major nationals
Strategically located
Top 100 MSA
Income tax free state
Absolute NNN
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

pOpshelf Wikipedia pOpshelf Wikipedia El Campo, Texas Zip Code 77437 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Popshelf
Guarantor:Corp T and Rated
Company:Dollar General Corp.
# Units:216
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: DG

About Tenant

PopShelf is an upscale Dollar General retail concept focusing on non-consumable categories such as seasonal and home décor, health and beauty, home cleaning supplies, and party and...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	2,684	13,628	15,607
2023 Total Population :	2,739	13,899	15,844
2023 Employed Civilian Pop :	1,404	5,752	6,620
2023 Total Businesses :	170	668	738
2023 Average Household Income :	$ 108,758	$ 81,498	$ 82,450
2023 Total Consumer Spending :	$ 103 M	$ 364 M	$ 420 M
2023 Median Age :	45	37	37
2023 Total Households :	1,085	5,014	5,734
2023 Pop Age 25+: Bachelor's Degree :	332	1,332	1,501
2023 Average Home Value :	$ 242,959	$ 231,084	$ 238,372

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
West Loop Street	18479 Drvw	2021	11,574	0.14 mi
West Loop Street	Sandy Corners Rd	2020	11,023	0.14 mi
North Mechanic Street	Fm 2765	2019	9,378	0.24 mi
North Mechanic Street	Fm 2765	2020	9,659	0.24 mi
North Wharton Street	Tura St	2021	3,928	0.25 mi
Farm-to-Market Road 2765	Point West Dr	2021	5,029	0.28 mi
N Wharton St	Franke St	2002	4,400	1.16 mi
West Norris Street	Fahrenthold St	2021	3,844	1.22 mi
	Propane Ln	2021	7,332	1.46 mi
TX 45;RM 620	FM 1300 Rd	2020	5,844	1.55 mi

Listing Broker

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