Family Dollar | MLK Blvd | Houston, TX
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Investment Offering

Tenant: Family Dollar | MLK Blvd | Houston, TX
Premises: 9,180 SF
Renewal Options: 6 x 5 Years

Lease Expiration: 6/30/2033
Lease Type: NNN
Rental Increases: 5% Year 11 & at Options

 

  • Brand New 2018 Construction – Estimated Opening February 2018
  • Excellent Demographics in Immediate Area – Population Exceeding 318,000 Residents Within a 5-Mile Radius
  • Limited Discount Stores in Immediate Area
  • Norma’s Plaza Apartments Across the Street Create Significant Traffic Generator for Dollar Store
  • Family Dollar was Acquired by Dollar Tree and Combined Have Over 14,400 Locations Worldwide
  • Houston, TX is the 4th Most Populous City in the Nation
  • According to Forbes, Houston Has a Projected Annual Job Growth of 3.50%
  • Located 3 Miles Northwest of Houston Hobby Airport – Houston’s Second Largest International Airport
  • Located 4 Miles from the Texas Medical Center – The Largest Medical Complex in the World
  • Located 5 Miles South of Downtown Houston with Easy Access to Loop 610 and Hwy 45
Tenant Overview

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 14,500 stores across 48 states and five Canadian provinces. Stores operate under the brands of Dollar Tree, Dollar Tree Canada, Deals and Family Dollar.

Area Overview

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