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.