183 RdCleveland, TX 77327

This exceptional investment opportunity presents a brand-new, 10,500 square foot Family Dollar storefront located at 183 Rd 5224, Cleveland, TX 77327, within the Houston MSA. Built in 2024, this property boasts a 9.7-year remaining lease term (expiring 07/31/2034) with six 5-year renewal options, providing long-term stability. The property features a Net Net + (NN+) lease structure, minimizing landlord responsibilities to roof, structure, and parking lot. The tenant, Family Dollar, is backed by the corporate guarantee of Dollar Tree, a financially strong entity with over 16,000 locations nationwide and $30B+ in annual revenue. The property sits on a 1.11-acre lot within a rapidly growing master-planned community projected to house 30,000 residents and numerous commercial buildings. With a 7.50% cap rate and a current NOI of $144,375, this asset offers a compelling return on investment in a recession-proof sector. The property's location, approximately 30 miles northeast of downtown Houston, benefits from strong demographics and a thriving commercial environment. The asking price is $1,925,000 ($183.33/sq ft). This is a rare opportunity to acquire a high-quality, essential retail asset with significant long-term growth potential in a tax-free state. The property is 100% occupied.