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.