DolEx Building

The DolEx Building is approximately 3,706 sqft of retail/office building sitting on a 5,500 sqft lot in Houston, Texas. The property sits east of Downtown Houston, near the growing and revitalized EADO area. The building consists of a brick / block structure with storefront windows and doors. The lease is an Absolute NET lease term with an initial term of 7 years with 2-5 year renewal options. Dolex is an international financial services company with 700 locations in the United States, Spain, Mexico, and other Latin American countries. The strategy on this asset will be to hold the asset, the lease has annual increases that will force appreciation. The investors should see an IRR of around 13%.