8055 Spencer Highway
Deer Park, TX
Price:
$3,116,000
Cap Rate:
4.75%
NOI:
$148,000
Building Size:
Approx. 3,280 Sq. Ft.
Lot Size:
Approx. 1.206 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built / Renovated:
2016 / 2022
Investment Overview
- 2022 Construction. 3,280+/- SF Building on 1.206+/- Acre Site
- New 15 Yr Corporate Ground Lease w/ Zero Landlord Responsibility & (5) 5 Yr Renewal Options
- Subject property Features a Triple Lane Drive-Thru to Increase Operational Throughput
- High-Traffic Location off of Spencer Highway (31K VPD), Adjacent to San Jacinto College (23K Students)
- Subject Property is Located Near H-E-B, Walmart Supercenter, Dollar General, Kroger, Starbucks, etc.
- Strong Income Demo’s w/ an est. $96,858 Within a 3 Mile Radius of the Site
- Raising Cane’s is One of the Fastest Growing QSR Chains in the U.S.
- Deer Park | Located in the Houston MSA | Population: 34,000+