Family Dollar Store 2913 W Orem Dr 8,353 SF Retail Building Houston, TX 77045 $1,850,000 ($221.48/SF) 7.31% Cap Rate
INVESTMENT HIGHLIGHTS
- Ideal 1031 Exchange Property with newer 2016 construction and a 15-year Absolute NNN Lease, offering zero management responsibility.
- 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
- Surrounded by new residential developments, including Bayou Oaks (K. Hovnanian Homes), City Gate (DR Horton), Beazer Homes, & 7 multi-family projects
- Top-performing Family Dollar: Best among 6 nearby locations and ranked in the top 88% nationally.
- Thriving demographics with 63,686+ residents within 3 miles and 267,472+ within 5 miles, in a city with 12% projected population growth
- Proximity to the Texas Medical Center (TMC)—the world’s largest medical complex with 50+ institutions, 21 hospitals, and 4 medical schools.
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
AMENITIES
- Pylon Sign
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Retailer
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99,999 SF
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Lorem Ipsum
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Family Dollar is a place to shop when it comes to delivering quality and value on family essentials in a convenient location. Their stores are conveniently located in neighborhoods, and often in "food deserts" where other stores choose not to locate, providing a convenient, close-to-home option where customers can shop for essentials. By locating stores in places where others won’t, Family Dollar is improving the affordability and availability of essential goods. They are saving their customers time and money and helping them do more, even on a tight budget. Their Family Dollar stores focus on delivering top value for family essentials. They offer competitively-priced national brands from leading manufacturers alongside brand-name, equivalent-value, lower-priced private labels. Their aisles are stocked with food and beverages, paper products, health & beauty supplies, pet food, home products, apparel and accessories, etc.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
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Retailer | 99,999 SF | - | Lorem Ipsum | - |
PROPERTY TAXES
| Parcel Number | 1362520010002 | Improvements Assessment | $660,798 |
| Land Assessment | $425,556 | Total Assessment | $1,086,354 |
CONTACTS
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Marc Barber -
Wesley Staples -
Avid Commercial Real Estate
