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Family Dollar - Cleveland, TX 20084 TX-Hwy 105 9,180 SF Retail Building Cleveland, TX 77328 $1,350,000 ($147.06/SF) 7.26% Cap Rate
Investment Highlights
- Long-term NN+ lease with Family Dollar
- Strong demographic trends with above-average population growth in Liberty County
- Predictable cash flow with 5% rent increases and multiple renewal options
- Strategic location along Highway 105 East in the North Houston growth corridor
- Limited discount retail competition in the immediate trade area enhances tenant performance
- Proximity to Houston and Beaumont, benefiting from regional economic expansion
Executive Summary
This Family Dollar property offers a stable, income-producing investment opportunity in Cleveland, Texas, strategically positioned along Highway 105 East within the expanding North Houston corridor. Built in 2018, the 9,180 SF building sits on a 1.35-acre parcel and is fully occupied under a long-term NN+ lease with Family Dollar, a nationally recognized discount retailer with a strong credit profile. The lease runs through May 2029, with six additional five-year renewal options and scheduled 5% rent increases, ensuring predictable cash flow and long-term income growth.
The property benefits from its location in Liberty County, an area experiencing above-average population growth driven by Houston migration trends and affordability-driven residential development. Cleveland serves as a key retail hub for surrounding rural communities, supporting steady demand for essential goods and value-oriented shopping. The site enjoys excellent visibility and accessibility along Highway 105, a major east-west arterial connecting Cleveland, Conroe, and the Houston MSA.
With limited discount retail competition in the immediate trade area and strong demographic fundamentals, this asset offers investors a recession-resilient income stream anchored by a necessity-based tenant. Combined with a 7.26% cap rate and institutional-grade tenancy, this property represents a compelling opportunity for passive, income-focused investors seeking stability and downside protection in a growing Texas market.
The property benefits from its location in Liberty County, an area experiencing above-average population growth driven by Houston migration trends and affordability-driven residential development. Cleveland serves as a key retail hub for surrounding rural communities, supporting steady demand for essential goods and value-oriented shopping. The site enjoys excellent visibility and accessibility along Highway 105, a major east-west arterial connecting Cleveland, Conroe, and the Houston MSA.
With limited discount retail competition in the immediate trade area and strong demographic fundamentals, this asset offers investors a recession-resilient income stream anchored by a necessity-based tenant. Combined with a 7.26% cap rate and institutional-grade tenancy, this property represents a compelling opportunity for passive, income-focused investors seeking stability and downside protection in a growing Texas market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,180 SF
Building Class
B
Year Built
2018
Price
$1,350,000
Price Per SF
$147.06
Cap Rate
7.26%
NOI
$98,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.35 AC
Opportunity Zone
Yes
Zoning
NEC - Commercial
Parking
30 Spaces (3.27 Spaces per 1,000 SF Leased)
Frontage
134’ on Texas 105
Property Taxes
| Parcel Number | 0595-00-16103 | Improvements Assessment | $59 |
| Land Assessment | $23,000 | Total Assessment | $23,059 |
Property Taxes
Parcel Number
0595-00-16103
Land Assessment
$23,000
Improvements Assessment
$59
Total Assessment
$23,059
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Family Dollar - Cleveland, TX | 20084 TX-Hwy 105
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