1203a North Velasco Street
Angleton, TX
Price:
$2,297,000
Cap Rate:
5.00%
NOI:
$114,835
Building Size:
Approx. 2,103 Sq. Ft.
Lot Size:
Approx. 0.657 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2022
Investment Overview
- 2022 Construction. 2,103+/- SF Building on 0.657+/- Acre Site
- New Construction 10 Year Corporate Net Lease Site w/ 10% Rental Increases Every 5 Years
- High-Traffic Location off of North Velasco Street (32K VPD) Near State Hwy 288
- Near Walmart Supercenter, O’Reilly Auto Parts, Kroger, Tractor Supply Co., etc.
- Strong Income Demographics w/ est. $96,353 within a 1-Mile Radius
- Starbucks (S&P BBB+) is Largest Specialty Coffee Retailer in the World
- Angleton | Part of the Houston-Woodlands-Sugar Land MSA | Population: 19,000+