Black Bear Diner John Martin Road, TX

John Martin Road, TX

Price: $4,260,869
Cap Rate: 5.75%
NOI: $245,000
Building Size: Approx. 4,987 Sq. Ft.
Lot Size: Approx. 1.117 Acres
Type: Single-Tenant / Retail
Sub Category: Casual Dining
Year Built: 2023

Investment Overview

  • 2024 Construction. 4,987+/- SF Building on 1.117+/- Acre Site
  • Brand New Construction, 15-Year Abs. NNN Corp. Lease with 10% Rental Increases Every 5 Yrs., Plus (4), 5-Yr. Options to Renew
  • Located on the NWC of Interstate 10 (93,000+ VPD) & John Martin Road (9,200+ VPD),  20 Miles East of Downtown Houston
  • Situated off of a Heavily-Trafficked Exit from I-10, Across from a Buc-ee’s, Next door to Chick-fil-A and 7-Eleven, and near H-E-B, Academy, Marshalls, Kroger, Several Car Dealerships, and More
  • There are 96,316 Residents Living w/in a 5-Mile Radius, Which is Estimated to Reach 103,000+ by 2028, and an Average Household Income of $91,087
  • Black Bear Diner has 156 Locations and have 14 New Restaurants Planned for 2024
  • Baytown | 4th Largest City in the Houston MSA | MSA Population: 7.34M+

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