Grand Pkwy & Harlem Rd Richmond, TX
Price:
$2,478,000
Cap Rate:
5.65%
NOI:
$140,000
Building Size:
Approx. 700 Sq. Ft.
Lot Size:
Approx. 1.215 Acres
Type:
Single-Tenant / Retail
Sub Category:
Fast Casual
Year Built:
2022
Investment Overview
- 2022 Construction. 700+/- SF Building on 1.215+/- Acre Site
- New 20-Yr Corporate Abs. NNN Ground Lease w/ 10% Rental Increases
- Shadow-Anchored by H-E-B & Target | Across from Amazon HOU6
- Strong Income Demographics Exceeding $105,000 within a 1-Mile & 3-Mile Radius
- Near H-E-B, Raising Cane’s, Starbucks, Chick-fil-A, Academy, & More
- One of the 1st Salad and Go’s in the Houston MSA | $40.4M Systemwide Revenue
- Richmond | Economy Produces Nearly $2.5 B Per Year | Houston MSA