2913 Orem DrHouston, TX 77045

This exceptional Houston investment property presents a compelling opportunity for discerning investors. The 8,353 square foot Family Dollar, built in 2016, sits on a 1.09-acre lot with 35 parking spaces. The property boasts a strong financial profile, including a 7.07% cap rate and a net operating income (NOI) of $135,179. The absolute NNN lease with a credit-rated tenant extends until March 31, 2030, offering 5.4 years of remaining lease term with 10% rent bumps in options. This single-tenant property benefits from its prime location, experiencing high traffic counts exceeding 17,000 vehicles daily on Orem Drive and over 30,000 on Alameda Road. The surrounding area shows robust demographics, with over 63,686 residents within a 3-mile radius and over 267,472 within a 5-mile radius. Further enhancing its appeal, the property is surrounded by new residential communities and multiple multi-family projects, totaling over 1,750 rental units within 1.5 miles. The proximity to the Texas Medical Center and its convenient location inside Houston's Loop 610 provide additional advantages. This asset offers a low-management, high-return investment opportunity with significant growth potential. The property's six (6), five (5) year lease options provide further long-term security. This is an ideal 1031 exchange property.