REIT Sale | Former Family Dollar & Dollar Tree | 2022 Built | 1.61 Acres

Highlights:

• 10,520 SF Freestanding Value-Add Retail on 1.61 Acres Available at Substantial Discount Below Replacement Cost
• Built in 2022; Former Family Dollar & Dollar Tree Combo Store with Open Floor, Rear Storage Room, and Side Door for Deliveries
• Surrounding Traffic Generators: Dollar General, Texaco | 80-Min to Houston
• Strategic Highway Visibility on State Highway 457 with Traffic Counts of 1,509 VPD
• No Zoning, Allowing for a Variety of Redevelopment or Alternative Commercial Uses
• Attractive Demographics with $79,327 Average Household Income (10-mile)

Description:

Ri Marketplace Online Auction November 3-5, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2752/reit-sale-former-family-dollar-dollar-tree-2022-built-1.61-acres?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2752

Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a vacant, free-standing retail building located at 5603 County Road 286 in Sargent, Matagorda County, Texas 77414 (the “Property”). Formerly occupied by Family Dollar–Dollar Tree, the Property is being offered significantly below replacement cost, creating an excellent opportunity for owner-users or investors to secure a highly visible retail asset with direct highway frontage at a compelling basis. FIRST BID MEETS RESERVE!

Built in 2022, the Property consists of a ±10,520-SF single-story building on a ±1.611-acre parcel (±70,167 SF) with a concrete surface parking lot offering 32 spaces. Constructed to modern design standards, the building features an open retail floor plan and a flexible footprint suitable for a wide range of commercial uses. The site is strategically positioned on a hard corner with ±245 feet of frontage along County Road 286 (Chambliss Road) and ±190 feet along State Highway 457, which sees approximately ±1,509 vehicles per day (VPD), ensuring visibility and accessibility. Previously operated in a dual-store format, the Property was leased to Family Dollar–Dollar Tree on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating rents in the range of $8/SF NNN. With no zoning ordinance or zoning regulations in Matagorda County, the Property supports a wide variety of potential commercial uses, enhancing its flexibility and appeal for both investors and owner-users seeking a strategically positioned asset at an attractive cost basis.

The Property is located in Sargent, Texas, an unincorporated coastal community in Matagorda County positioned along State Highway 457, the primary north–south route serving the area. The site is strategically located across from Dollar General and benefits from frontage along SH-457 and County Road 286, ensuring strong visibility and accessibility for both local residents and regional traffic. Sargent is approximately ±30-min to Freeport and Lake Jackson, ±80-min to Houston, ±90-min to Galveston, and ±155-mi to Corpus Christi, providing direct connectivity to major Gulf Coast employment, industrial, and tourism hubs. The local economy is anchored by agriculture, fishing, energy, and tourism, supported by Matagorda County’s broader employment base, which includes major operators such as South Texas Project Nuclear Operating Company and Tenaris, along with healthcare, education, and government services. Community anchors in Sargent include Sargent Elementary School, marinas, and local businesses that draw steady consumer traffic from both permanent residents and seasonal visitors. The area’s coastal amenities—including Sargent Beach, the Gulf Intracoastal Waterway, and Matagorda Bay—further drive tourism, recreation, and retail demand. This combination of highway frontage, coastal proximity, and access to larger Gulf Coast markets positions the Property to capture demand from residents, seasonal visitors, and travelers moving throughout southeast Texas. The trade area is further strengthened by a county population over 36k and a 10-mi trade area of approximately ±2,733 residents with an average household income (AHHI) above $79k, underpinned by the county’s role in agriculture, manufacturing, and regional transportation.


Lamar P. Fisher
Fisher Auction Company Inc.
License: 10344
The platform fee for this transaction is the greater of 5.00% or a minimum of $20,000.

Documents: