Listed by MMG, MMG Real Estate Advisors
$1,350,000
Family Dollar - Cleveland, Texas
Details
Property Type Retail
Sub Type Storefront
Square Footage 9,180
Cap Rate 7.26%
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NNN
Price per SqFt $147
Year Built 2018
Buildings 1
Acreage 1.350
Zoning Opportunity Zone
Tenant Credit Corporate Guarantee
Ground Lease No
Retail | 7.26% CAP | Opportunity Zone | 9,180 SqFt
Marketing description
MMG is please to present Family Dollar, located in Cleveland, Texas.
Investment highlights
- Located in Opportunity Zone
- National Discount Retail Tenant With Essential-Goods Demand: Its non-discretionary merchandise mix supports consistent traffic and recession-resilient performance in value-oriented suburban markets.
- Strategic Location in the Expanding North Houston Corridor: Located in Liberty County within the North Houston growth corridor, the site fronts Highway 105 East, a primary east–west arterial connecting Cleveland, Conroe, and the Houston MSA, benefiting from affordability-driven migration and sustained residential development.
- Credit-Oriented Tenant Profile with National Scale and Institutional Backing: Following its divestiture from Dollar Tree, the standalone platform benefits from institutional ownership and a focused strategy on productivity and long-term stability.
- Favorable Demographics and Workforce Growth Drivers: Cleveland and Liberty County have experienced above-average population growth driven by Houston migration seeking affordable housing. Expanding blue-collar and service-sector employment aligns directly with Family Dollar’s customer base, supporting durable, necessity-driven store demand.
- Limited Discount Competition in Immediate Trade Area: In suburban and semi-rural markets, discount stores often serve as primary neighborhood shopping destinations. Limited nearby competition and proximity to new residential growth enhance Family Dollar’s relevance, strengthening customer capture and long-term tenancy.
- Passive, Income-Oriented Net-Lease Investment: With a long-term lease in place, the asset provides predictable cash flow, minimal management, and national-brand tenancy. Combined with corridor visibility and growth-market demographics, the property offers durable income and downside protection for net-lease investors.
Listing Contacts
Listed by MMG, MMG Real Estate Advisors
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