301 West 11th Street
Houston, TX
Price:
$3,740,000
Cap Rate:
5.75%
NOI:
$215,000
Building Size:
Approx. 5,000 Sq. Ft.
Lot Size:
Approx. 1.84 Acres
Type:
Single-Tenant / Office
Year Built:
2006
Investment Overview
- 2007 Construction. 5,000+/- SF Building on 1.84+/- Acre Site
- 20-Year Absolute NNN Ground Lease with 2+ Yrs. Remaining & (2) 10-Year Options to Renew & 7.5% Rent Bumps Every 10 Yrs.
- Subject Property is Located on West 11th Street (10,830+ VPD), Near the Intersection with Yale Street (9,996+ VPD), and Near TC Jester Blvd (14,667+ VPD).
- Strong Deposit Base: This Branch of Regions Bank Boasts Exceptionally Strong Deposits, Exceeding $100 Million
- Situated Within the Coveted Heights Area of Houston, This Infill Site Offers a Rare Opportunity to Acquire an Asset in a Highly Sought-After Neighborhood
- Regions Bank is Ranked 434th on the Fortune 500 List and is on the List of the Largest Banks in the U.S. w/ 2023 Revenue of $9.153 Billion
- Houston | 5th Largest MSA in the U.S. | Population: 2.3 Million+