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Family Dollar (Absolute Net)

11371 U.S. Hwy 190, Livingston, TX 77351

Listing Price: $1,385,200

Cap Rate
6.00%
Tenant Name
Family Dollar
Years Remaining On Lease
9.7
Gross SF
8,320
Guarantor
Corporate Guarantee
Rentable SF
8,320
Price/Gross SF
$166.49
Lease Type
Absolute Net
Rent Per Square Feet
$9.99

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Family Dollar in Livingston, Texas. The property consists of a 8,320-square foot, freestanding building that sits on approximately 1.04 acres of land. There are approximately 9.6 years remaining on the current lease term, with a 10 percent rental escalation scheduled in five years, as well as each option thereafter. The property has excellent access and visibility on U.S. Highway 190, the main route between Livingston and Woodville. Easy access to Lake Livingston, the second largest lake in Texas attract Texans seeking recreational activities. The subject property is also 6 miles from Naskila Gaming, a 24/7, 30,000-SF casino with 790 machines and two restaurants. The Houston metro is expected to add 755,200 people through 2024 and roughly 21 percent of these residents are in the 20- to 34-year-old cohort. If this growth continues as projected, Houston’s population could exceed 8 million people by 2029.

Investment Highlights

  • Rare Absolute Net Lease with Approximately 9.6 Years Remaining
  • Attractive 10% Rental Escalations Every Five Years
  • Excellent Access and Visibility on U.S. Highway 190
  • 6 Miles from Naskila Gaming, a 30,000-SF Casino with 790 Machines and Two Restaurants
  • North Houston Location - Greater Houston is the Fifth-Most Populous Metropolitan Area in the U.S.

Exclusively Listed By

Listing Price: $1,385,200

Cap Rate
6.00%
Tenant Name
Family Dollar
Years Remaining On Lease
9.7
Gross SF
8,320
Guarantor
Corporate Guarantee
Rentable SF
8,320
Price/Gross SF
$166.49
Lease Type
Absolute Net
Rent Per Square Feet
$9.99

Investment Highlights

  • Rare Absolute Net Lease with Approximately 9.6 Years Remaining
  • Attractive 10% Rental Escalations Every Five Years
  • Excellent Access and Visibility on U.S. Highway 190
  • 6 Miles from Naskila Gaming, a 30,000-SF Casino with 790 Machines and Two Restaurants
  • North Houston Location - Greater Houston is the Fifth-Most Populous Metropolitan Area in the U.S.

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Family Dollar in Livingston, Texas. The property consists of a 8,320-square foot, freestanding building that sits on approximately 1.04 acres of land. There are approximately 9.6 years remaining on the current lease term, with a 10 percent rental escalation scheduled in five years, as well as each option thereafter. The property has excellent access and visibility on U.S. Highway 190, the main route between Livingston and Woodville. Easy access to Lake Livingston, the second largest lake in Texas attract Texans seeking recreational activities. The subject property is also 6 miles from Naskila Gaming, a 24/7, 30,000-SF casino with 790 machines and two restaurants. The Houston metro is expected to add 755,200 people through 2024 and roughly 21 percent of these residents are in the 20- to 34-year-old cohort. If this growth continues as projected, Houston’s population could exceed 8 million people by 2029.

Exclusively Listed By

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