7235 John Martin Rd
Baytown, TX
Price:
$3,889,000
Cap Rate:
4.50%
NOI:
$175,000
Building Size:
Approx. 4842 Sq. Ft.
Lot Size:
Approx. 1.39 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2020
Investment Overview
- 2020 Construction. 4,842+/- SF Building on 1.39+/- Acre Site
- New 15-Year NNN Ground Lease w/ 10% Rent Bumps Every 5
- Located along I-10 frontage (78K VDP) & John Martin Rd (8K VPD)
- Signalized Intersection, part of new commercial retail development
- Entry location to new home communities, just N of San Jacinto Mall
- Proximity to multiple car dealerships, retail, Kroger, HEB, Academy
- Baytown is located 23-Miles west of the growing city of Houston, TX
- Strong Income Demographics w/ est. $70,376 within a 1-Mile Radius
- Greater Houston (MSA) | 5TH Largest in the U.S. | Population: 7M+