FM 1960 & Kenswick Drive, Texas
Price:
$1,647,000
Cap Rate:
4.25%
NOI:
$70,000
Building Size:
Approx. 7,000 Sq. Ft.
Lot Size:
Approx. 0.77 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Parts
Year Built:
2023
Investment Overview
- 2023 Construction. 7,000 +/- SF Building on 0.77+/- Acre Site
- Brand New Corporate 15 Year Absolute NNN Ground Lease w/ 8% Rental Increases Every 5 Years
- Excellent High Traffic Location Near the Intersection of FM 1960 & Kenswick Dr (57K Combined VPD)
- Adjacent to George Bush Intercontinental Airport (Sees 46+ Million Passengers Annually)
- Situated Directly in Front of 2.5+ Million Sqft of Warehouses including Amazon, DHL, and PODS.
- AutoZone (S&P BBB) is the Largest Auto Parts Chain w/ Over 6,900 Stores
- Humble | Part of the Houston MSA | Houston Population: 2.33 MM+