24067 Frd Rd Porter, TX 77365

This exceptional investment opportunity presents a 8,320-square-foot Family Dollar storefront located at 24067 Ford Rd, Porter, Texas, 77365. The property sits on a 1.27-acre lot and boasts a strong 100% occupancy rate under a Net Net (NN) lease with Family Dollar, a national credit tenant with over 8,000 locations nationwide. The current lease, initiated August 13, 2018, has a remaining term of approximately 3.9 years, extending to September 30, 2028. The lease includes six five-year renewal options, each with a 5% rental increase. This property benefits from a high-traffic location, with Ford Road experiencing over 12,000 vehicles per day. The surrounding area demonstrates strong demographics, featuring a population exceeding 144,140 residents and over 53,570 households within a 5-mile radius. Family Dollar's presence at this location shows year-over-year growth, with a 15% increase in visits. This investment offers a compelling 7.50% cap rate and presents a stable, long-term income stream with built-in rent growth. The property is a single-tenant building, providing ease of management and predictable cash flow.