12325 Hwy 6
Fresno, TX
Price:
$4,149,000
Cap Rate:
5.00%
NOI:
$207,452
Building Size:
Approx. 2,337 Sq. Ft.
Lot Size:
Approx. 0.91 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built / Renovated:
1998 / 2019
Investment Overview
- 2019 Remodel 2,337+/- SF Building on 0.91 +/- Acre Site
- New 15-year NNN Lease w/ 10% Rent Bumps every 5-years
- Located along Teel Bend Blvd. (9,000 VPD) and State Hwy. 6 (24,000 VPD)
- Signalized intersection | Located along busy morning commute side
- Notable tenants within the area include Kroger, Shell, Petco, Chevron and many more
- Close proximity to 2 major schools with 2,500 + students
- Area features fast growth of 12.8% since 2000
- Above average demographics | $111,219 average household income within 3-miles
- Subject property has close proximity to downtown Houston| Approximately 21-miles
- Houston (MSA) | 5th largest city in the U.S.| Population: 6.5 million +