2913 W Orem Dr - Freestanding FOR SALE


Houston, TX 77045- Central Southwest
$1,850,000 USD
916-717-2079
2913 W Orem Dr, Houston, TX for Sale
$1,850,000 USD
Freestanding - FOR SALE
1/6
null | 7.31% Cap Rate

2913 W Orem Dr
Houston, TX 77045
Central Southwest


HIGHLIGHTS

  • Ideal 1031 Exchange Property with newer 2016 construction and a 15-year Absolute NNN Lease, offering zero management responsibility.
  • Top-performing Family Dollar: Best among 6 nearby locations and ranked in the top 88% nationally.
  • Positioned in a high-visibility location with upgraded concrete parking and strong traffic counts: +17,000 VPD on Orem Drive and +30,000 VPD on Alamed
  • Thriving demographics with 63,686+ residents within 3 miles and 267,472+ within 5 miles, in a city with 12% projected population growth
  • Surrounded by new residential developments, including Bayou Oaks (K. Hovnanian Homes), City Gate (DR Horton), Beazer Homes, & 7 multi-family projects
  • Proximity to the Texas Medical Center (TMC)—the world’s largest medical complex with 50+ institutions, 21 hospitals, and 4 medical schools.

OVERVIEW

This Family Dollar, built in 2016, presents an attractive investment opportunity. Featuring an original 15-year absolute NNN lease, it offers a completely hands-off ownership experience with no management responsibilities required. This is a top-performing Family Dollar location, ranking as the best performer among six nearby stores and in the 88th percentile nationally. Strategically located, the site experiences high visibility, with daily traffic counts exceeding 17,000 vehicles on Orem Drive and over 30,000 vehicles on Alameda Road. The area benefits from strong demographics, including a population of over 63,000 residents within a 3-mile radius and more than 267,000 residents within 5 miles. Additionally, population growth in the vicinity is projected to exceed 1.5% over the next five years. The location is further enhanced by proximity to several new residential communities, such as Bayou Oaks at West by K. Hovnanian Homes, City Gate by DR Horton, and developments by Beazer Homes. The surrounding area also includes seven multi-family projects within 1.5 miles, totaling over 1,750 rental units, as well as the nearby Jetstream RV Resort, which features 160 RV pads and five tiny homes. Less than 5 miles from the property is the Texas Medical Center (TMC), the world’s largest medical complex, comprising more than 50 medical institutions, 21 hospitals, and four medical schools. This proximity significantly broadens the property’s customer base. Located inside Houston's Beltway 610, the property provides convenient access to key areas such as Downtown, Midtown, the Museum District, Uptown, and The Port of Houston, making it a well-connected and highly desirable investment opportunity.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$221 USD /SF

CAP RATE

7.31%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar Store

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

None

APN/PARCEL ID

1362520010002

ASK ABOUT THIS PROPERTY

Marc BarberAvid Commercial Real EstateMore Info
916-717-2079

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Marc BarberAvid Commercial Real EstateMore Info
916-717-2079

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.