380 Rd Cleveland, TX 77327

This exceptional investment opportunity presents a brand-new, 10,500 square foot Family Dollar storefront in Cleveland, Texas, within the Houston MSA. Built in 2024, the property boasts a 9.7-year remaining lease term (expiring July 31, 2034) with six 5-year renewal options, ensuring long-term income stability. The property features a Net Net + lease structure, minimizing landlord responsibilities to roof, structure, and parking lot. The tenant, Family Dollar, is credit-rated and backed by a corporate guarantee, offering significant financial security. With a 7.50% cap rate and a strong NOI of $144,375, this asset provides an attractive return on investment. Situated on a 1.07-acre lot within a rapidly growing master-planned community (Santa Fe), this location benefits from a burgeoning population (currently estimated at 40,000 residents) and significant projected growth, including 25 planned schools and numerous commercial developments. The property's essential retail nature and location within a thriving community contribute to its resilience and long-term potential. The asking price is $1,925,000, representing a price per square foot of $183.33. This is a rare opportunity to acquire a high-quality, income-producing asset in a dynamic Texas market. The property is located at 380 Rd 5603, Cleveland, TX 77327, approximately 30 miles northeast of downtown Houston.