13420 Westpark Dr
Houston, TX
Price:
$5,812,000
Cap Rate:
5.00%
NOI:
$290,595
Building Size:
Approx. 4,100 Sq. Ft.
Lot Size:
Approx. 1.39 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built / Renovated:
2017 / 2019
Investment Overview
- 2019 Remodel 4,100+/- SF Building on 1.39+/- Acre Site
- New 15-Yr Corp. NNN Lease with 10% rent increases every 5-years beginning year 6
- Strategically located at the intersection of Westpark Dr. (6,000 VPD) and Eldridge Pkwy. (21,000 VPD)
- The immediate trade area features above average household incomes of approximately $81,355
- Approximately 186,984 people within a 5-miles radius of the subject property
- The subject property will benefit from having 450+ single-family homes located directly north and south from the property
- Within a 5-miles radius there are approximately 186,984 people
- Notable national credit tenants within the trade area include Home Depot, Lowe’s, HEB, Walmart, Target, ALDI, and many more