25629 US Highway 59
Houston, TX
Price:
$3,220,000
Cap Rate:
6.75%
NOI:
$217,338
Building Size:
Approx. 7,516 Sq. Ft.
Lot Size:
Approx. 1.13 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built:
2015
Investment Overview
- 2015 Construction. 7,516+/- SF Building on 1.13+/- Acre Site
- Rare 30-Year Absolute NNN Ground Lease with 10% Rental Increases Every 5 Years and Two (2), 10-Year Renewal Options
- Superb Location That is Anchored by Kroger and Across the Street from H-E-B
- Excellent Traffic Counts Located on Interstate 69/Hwy 59 (107,900+ VPD)
- Approx. 121,275 Residents w/in 5 Miles of the Property w/ Avg. HH Income of Almost $134,930
- BreWingz is a Privately Held Houston-Based Sports Bar with 17+ Locations Across Southeast Texas
- Houston, TX | 4th Largest City in the U.S. | MSA Population: 7.7M