x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Family Dollar Relocation Store, Houston, TX

Family Dollar Relocation Store

TX, USA

Price $2,242,000
Cap Rate
NOI
Lease Term 15 Years
Lease Type Absolute NNN Ground Lease, with Tenant Responsible for All Taxes, Insurance, Utilities, and Maintenance, Including Roof, Foundation, and Structure
Rental Increases 5% Rental Increases After Year 10 and Eveyr 5 Years Thereafter
Year Built 2018
Building Size 9,180 SF
Lot Size 1.6 Acres (69,969 SF)
Status Sold
Lead Broker Information Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Cushman and Wakefield Inc. LIC. # 00616335
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.

Investment Highlights

CORPORATE GUARANTEED ABSOLUTE TRIPLE NET LEASE
» Guaranteed by Dollar Tree, Inc. (NASDAQ: “DLTR”) – rated “BBB-” by Standard & Poor’s
» Scheduled rental increases, providing a hedge against inflation
» Tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» No landlord management, providing an ideal investment opportunity for an out-of-area investor
» Upgraded construction façade to the standard Family Dollar prototype

HIGH-TRAFFIC LOCATION AT SIGNALIZED HARD CORNER
» Located at the signalized hard corner of Fondren Road and Fonmeadow Boulevard, with excellent visibility and access to 29,539 vehicles per day
» Convenient access to both U.S. Route 90 Alternate (78,244 AADT) and Beltway 8 (77,289 AADT)

RAPIDLY GROWING AREA WITH ROBUST DEMOGRAPHICS
» Ideally located within the Southwest Houston/Missouri City submarket, one of the fastest growing areas in Houston, with some of the top selling master planned communities in the country
» 417,526 residents and 134,021 daytime employees within a five-mile radius
» The population within five miles of the property—which grew by 16.25% between 2010 and 2017—is expected to increase an additional 12.19% by 2022

NEAR MAJOR EMPLOYERS AND CULTURAL AMENTIES
» Close to several of Houston’s primary business districts, including Downtown Houston, the Texas Medical Center, Uptown Houston, and Greenway/Upper Kirby
» Near NRG Park, a 350-acre sports, convention, and entertainment complex that hosts over 500 events annually

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is strategically located at the signalized hard corner of Fondren Road and Fonmeadow Boulevard, with excellent visibility and access to 29,539 vehicles per day. Fondren Road provides convenient access to both U.S. Route 90 Alternate (78,244 AADT) and Beltway 8 (77,289 AADT). Several notable retailers are located near the property, including Home Depot, Walgreens, Hibbett Sports, CVS, Ross, Stripes, and Boost Mobile, among others.

Ideally located within the rapidly developing Southwest Houston/Missouri City submarket, the property benefits from a large, steadily increasing customer base. The submarket is one of the fastest growing areas in Houston, with some of the top selling master planned communities in the country. Currently, 417,526 residents live within a five-mile radius of the property. The population within five miles of the property— which grew by 16.25% between 2010 and 2017—is expected to increase an additional 12.19% by 2022. The property is also close to major employment centers, including large industrial developments in the Southwest Houston/Missouri City submarket as well as several of Houston’s primary business districts. As a result, 134,021 daytime employees work within five miles of the property, further expanding Family Dollar’s customer base.

Contact Us About This Property

Vince & Ryan & Mike & Scott Form
Sending
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link