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Family Dollar 11371 US Highway 190 E

8,320 SF Retail Building Livingston, TX 77351 $1,625,346 CAD ($195 CAD/SF) 8% Cap Rate

Investment Highlights

  • Rare Absolute Net Lease with 6.8 Years Remaining
  • 10 Percent Rental Escalations Every Five Years in the Options
  • North Houston Location - Greater Houston is the Fifth-Most Populous Metropolitan Area in the U.S.
  • Excellent Access and Visibility on U.S. Highway 190
  • Six Miles from Naskila Gaming, a 30,000- SF Casino with 790 Machines and Two Restaurants

Executive Summary

Marcus and Millichap is pleased to present the opportunity to acquire an absolute net lease Family Dollar located in Livingston, Texas. The property consists of a 8,320-square-foot, freestanding building that sits on 1.04 acres of land. There are 6.8 years remaining on the current lease term and six, 5-year options remaining.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
C
Year Built
2015
Price
$1,625,346 CAD
Price Per SF
$195 CAD
Cap Rate
8%
NOI
$130,005 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.77 AC
Zoning
C - Commercial

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10032-0031-20
Land Assessment
$26,023 CAD
Improvements Assessment
$847,201 CAD
Total Assessment
$873,224 CAD
  • Listing ID: 32973432

  • Date on Market: 2024-08-27

  • Last Updated:

  • Address: 11371 US Highway 190 E, Livingston, TX 77351

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