20084 TX-Hwy 105 - Freestanding FOR SALE


Cleveland, TX 77328
$1,350,000 USD
715-505-1200
20084 TX-Hwy 105, Cleveland, TX for Sale
$1,350,000 USD
Freestanding - FOR SALE
1/7
null | 7.26% Cap Rate

20084 TX-Hwy 105
Cleveland, TX 77328


HIGHLIGHTS

  • Long-term NN+ lease with Family Dollar
  • Strategic location along Highway 105 East in the North Houston growth corridor
  • Strong demographic trends with above-average population growth in Liberty County
  • Limited discount retail competition in the immediate trade area enhances tenant performance
  • Predictable cash flow with 5% rent increases and multiple renewal options
  • Proximity to Houston and Beaumont, benefiting from regional economic expansion

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

7.26%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar - Cleveland, TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

NEC

APN/PARCEL ID

8586-00-00100

ASK ABOUT THIS PROPERTY

Jeff BurgfechtelMMG - Natl. Net Lease TeamMore Info
715-505-1200

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Jeff BurgfechtelMMG - Natl. Net Lease TeamMore Info
715-505-1200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.