Family Dollar
Livingston, Texas
Property Summary
Summary
- Sales Price: $900,000
- NOI: $62,961
- Cap Rate: 7.00%
- Years Remaining: 3 years*
Oldham Goodwin is pleased to present for sale the Livingston (Houston MSA) Texas Family Dollar is for sale. The 8,400 SF building enjoys high traffic counts at its location at Highway 59, the most important southwest/northeast corridor in the Houston MSA, and Business 59, which is the route to downtown Livingston as well as Naskila Casino which injected $212,000,000 in to the Polk County economy in 2022 ( https://bluebonnetnews.com/2023/03/13/study-finds-naskila-casino-injects-212-million-into-local-economy/).
Family Dollar has occupied the building since December of 2011 and are in their first renewal term, showing commitment to the site, and has over three years remaining on the existing renewal term.
Family Dollar Stores has over 8,300 stores (as of February 2024). Parent company Dollar Tree, Inc. has a credit rating of BBB (S&P) and a market capitalization of more than $24.65B as of May, 2024.
Property Highlights
- — S&P Credit Rating of BBB
- — $24.65B Market Capitalization
- — Fiscal Year 2023 Consolidated Net Sales of $30.6B.
- — Nearly 30,000 VPD at the Intersection.
- — Located in a 66,000 SF Shopping Center Anchored by Boot Barn.
- — Main thoroughfare between Livingston and Houston.
- — Texas has no state income tax
