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Family Dollar

2001 Clinton Dr, Galena Park, TX 77547

Listing Price: $1,973,200

Cap Rate
5.75%
Tenant Name
Family Dollar
Years Remaining On Lease
9.0
Guarantor
Corporate Guarantee
Rentable SF
10,000
Lease Type
Absolute Net
Rent Per Square Feet
$11.35

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Family Dollar a single-tenant property located at 2001 Clinton Drive, Houston (Galena Park), Texas 77547. ? The subject property is comprised of 10,000 square feet, built-in 2015 on a large 39,900 square foot lot. Family Dollar is located on Clinton Drive which oversees ±14,000 vehicles per day. With 9-years remaining on the absolute-net lease Family Dollar has Six, 5-year options to extend with a 10% increase in Year 11 & Options. ? When it comes to getting value for everyday items for the entire family in an easy to shop, neighborhood location, Family Dollar is the best place to go. One of the nation’s fastest-growing retailers, Family Dollar offers a compelling assortment of merchandise for the whole family ranging from household cleaners to name brand foods, from health and beauty aids to toys, from apparel for every age to home fashions, all for everyday low prices. While shoppers can find many items at $1 or less, most items in the store are priced below $10, which makes shopping fun without stretching the family budget. Family Dollar serves families in more than 8,000 neighborhoods in 46 states. The Dollar Tree merger with Family Dollar now creates a combined organization with sales exceeding $23 billion annually with more than 15,115 stores across 48 states and five Canadian Provinces. The merger has allowed Family Dollar to grow offering broader, more compelling merchandise assortments, with greater values, to a wider array of customers.

Investment Highlights

  • Rare 10% Rental Increases: Family Dollar has 9-Years Remaining on an Absolute-Net Lease with a Rare 10% Increase in Year 11 and the Six 5-Year Options to Extend
  • Corporate Investment Grade Tenant: Guaranteed by Family Dollar Stores of Texas, LLC; Family Dollar's Parent Company - Dollar Tree (NASDAQ: DTLR) with ±8,200 Stores & ±60,000 Employees Nationwide
  • Affluent Houston Submarket: In a 5-Mile Radius the Population Exceeds ±290,000; Households ±86,000 and an Average Household Income of ±$53,000

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Listing Price: $1,973,200

Cap Rate
5.75%
Tenant Name
Family Dollar
Years Remaining On Lease
9.0
Guarantor
Corporate Guarantee
Rentable SF
10,000
Lease Type
Absolute Net
Rent Per Square Feet
$11.35

Investment Highlights

  • Rare 10% Rental Increases: Family Dollar has 9-Years Remaining on an Absolute-Net Lease with a Rare 10% Increase in Year 11 and the Six 5-Year Options to Extend
  • Corporate Investment Grade Tenant: Guaranteed by Family Dollar Stores of Texas, LLC; Family Dollar's Parent Company - Dollar Tree (NASDAQ: DTLR) with ±8,200 Stores & ±60,000 Employees Nationwide
  • Affluent Houston Submarket: In a 5-Mile Radius the Population Exceeds ±290,000; Households ±86,000 and an Average Household Income of ±$53,000

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Family Dollar a single-tenant property located at 2001 Clinton Drive, Houston (Galena Park), Texas 77547. ? The subject property is comprised of 10,000 square feet, built-in 2015 on a large 39,900 square foot lot. Family Dollar is located on Clinton Drive which oversees ±14,000 vehicles per day. With 9-years remaining on the absolute-net lease Family Dollar has Six, 5-year options to extend with a 10% increase in Year 11 & Options. ? When it comes to getting value for everyday items for the entire family in an easy to shop, neighborhood location, Family Dollar is the best place to go. One of the nation’s fastest-growing retailers, Family Dollar offers a compelling assortment of merchandise for the whole family ranging from household cleaners to name brand foods, from health and beauty aids to toys, from apparel for every age to home fashions, all for everyday low prices. While shoppers can find many items at $1 or less, most items in the store are priced below $10, which makes shopping fun without stretching the family budget. Family Dollar serves families in more than 8,000 neighborhoods in 46 states. The Dollar Tree merger with Family Dollar now creates a combined organization with sales exceeding $23 billion annually with more than 15,115 stores across 48 states and five Canadian Provinces. The merger has allowed Family Dollar to grow offering broader, more compelling merchandise assortments, with greater values, to a wider array of customers.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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