8303 Calhoun Rd
Houston, TX 77033
Retail Property For Sale

NLF Advisors is pleased to exclusively represent the sale of a 9,180 square foot single-tenant Family Dollar store located at 8303 Calhoun Road in Houston, Texas. The subject property is situated on a 20,156 square foot parcel of land on Calhoun Road in south Houston and is only one property removed from its major signalized intersection with Belfort Street.The surrounding area is densely populated, in close proximity to Rice University, the University of Houston, the Houston Zoo and the Medical Center. The neighborhood primarily consists of middle income families with populations and average household incomes steadily growing. The property is located on a busy signalized intersection with positive trending demographics all contributing to the long term success of the location and respective strong store sales. In July 2020, Family Dollar intends to exercise their their renewal option for another ?ve years at an increase of 10% in base rent along with $190,000 in site renovations which demonstrates long-term commitment to this location.