Popshelf

3163 Wildflower Drive, Bryan, TX 77802

$2,935,000

Cap Rate 5.85%

Views: 123 DOM: 317 Updated: 10.25.24 Posted: 02.09.24 Status: Active

Summary

Price $2,935,000	Built/Renov 2023	Tenant Popshelf
Cap Rate 5.85%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 10,640	Lease Start 09-22-2023	#Units 216
Price/SF $275.85	Expiration 09-30-2038	Tenant Type Dollar/Discount
NOI $171,636	R. Term 13.9	Ownership Fee Simple
Rent/SF $16.13	Increases 10.0%/14/yrs	Pop 5Mi 151,485
Lot/AC 0.47	Options 4/5yrs/10%	AHHI 5Mi $64,197

Klinton Lewis

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Lease Highlights

pOpshelf has 13+ 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 Wildflower Drive, with access to 13,555 vehicles passing by daily. The property is surrounded by well-known national tenants, including Target, Jiffy Lube, Lowe's, Cracker Barrel, Dollar Tree, and more. The 5-mile trade area is supported by a population of 151,485 with an average household income of $64,197. Bryan is a city and the seat of government in...

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Key Features

New construction
Near major nationals
Freeway close
University college close
Major MSA
Income tax free state
Long 15+ yr lease
Absolute NNN
Corporate Guarantee
Investment grade tenant

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Links

pOpshelf Wikipedia pOpshelf Wikipedia Bryan, Texas Zip Code 77802 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 :	5,891	62,679	156,870
2023 Total Population :	5,729	60,451	151,604
2023 Employed Civilian Pop :	3,118	28,440	65,012
2023 Total Businesses :	258	2,687	5,012
2023 Average Household Income :	$ 91,133	$ 78,249	$ 66,682
2023 Total Consumer Spending :	$ 190 M	$ 1712 M	$ 3290 M
2023 Median Age :	37	30	25
2023 Total Households :	2,427	25,109	56,164
2023 Pop Age 25+: Bachelor's Degree :	1,302	9,596	17,015
2023 Average Home Value :	$ 262,075	$ 307,062	$ 285,597

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
	N Earl Rudder Fwy	2021	2,188	0.35 mi
Briarcrest Drive	Wildflower Dr	2021	15,046	0.36 mi
FM 1179	Cherry Creek Cir	2021	39,450	0.41 mi
Briarcrest Drive	Cherry Creek Cir	2020	35,660	0.41 mi
Boonville Road	Briarcrest Dr	2021	16,714	0.60 mi
Farm-to-Market Road 158	Wildflower Dr	2014	16,242	0.60 mi
Wildflower Drive	Candlelight Village	2021	2,868	0.63 mi
	N Earl Rudder Fwy	2021	16,343	0.70 mi
North Earl Rudder Freeway	Par Dr	2021	48,933	0.72 mi
North Earl Rudder Freeway	Oak Hill Dr	2020	75,331	0.72 mi

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