Tenant: Family Dollar | Aldine Mail Premises: 8,320 SF Renewal Options: 6 x 5 Years
Lease Expiration: 3/31/2033 Lease Type: Absolute NNN Rental Increases: 5% in Year 11 and at Each Option Period
Brand New 2017 Construction Relocation Store – Expected Store Opening in Q4
Excellent Demographics in Immediate Area – Population Exceeding 270k Residents Within a 5-Mile Radius
Corporate Guaranteed Lease – NYSE (DLTR) Stock
Family Dollar was Recently Acquired by Dollar Tree and Combined Have Over 14,400 Locations Nationwide
Located Just South of George Bush Intercontinental Airport, the 10th Busiest Airport in North America Serving 43M Passengers in 2015
Houston is the 4th Most Populous City in The Nation
According to Forbes, Houston Has a Projected Annual Job Growth of 3.5%
Strong Surrounding Retail and Excellent Demographics
Strong Traffic Counts – Aldine Mail Route Road (19,320 VPD), Hardy Toll Road (57,160 VPD) and I-69 (221,762 VPD)
CHESAPEAKE, Va. – July 6, 2015 – Dollar Tree, Inc. (NASDAQ: DLTR), North America’s leading operator of discount variety stores selling everything for $1 or less, announced that it has completed the acquisition of Family Dollar Stores, Inc., a leading national discount retailer offering name brands and quality, private brand merchandise.
Dollar Tree, a Fortune 500 Company, now operates more than 14,400 stores across 48 states and five Canadian provinces as of June 1, 2017. Stores operate under the brands of Dollar Tree, Dollar Tree Canada, Deals and Family Dollar.