28310 TX-249
Tomball, TX
Price:
$4,364,000
Cap Rate:
5.50%
NOI:
$240,000
Building Size:
Approx. 29,756 Sq. Ft.
Lot Size:
Approx. 4.037 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built / Renovated:
2015 / 1978
Investment Overview
- 1978 Construction/2015 Renovation. 29,756+/- SF Building on 4.037+/- Acre Site
- 10-Year Corporate Absolute NNN Lease with 10% Rental Increases Every 5 Years, Plus (2) 5-Year Options to Renew
- Subject Property is Located on Business State Highway 249 (22,900+ VPD), right off of Tomball Tollway (35,800+ VPD)
- Excellent Demographics – 103,188+ Residents w/in 5-Mile Radius w/ an Average Household Income of $145,762+
- 0.25 Miles from HCA Houston Healthcare Tomball – 350-Bed Acute Care Hospital with a Level III Trauma Center
- Fixing More Than 450k Vehicles Per Year, Caliber Collision is an Investment Grade Tenant with 1,835+ Stores & $6B in Revenue
- Tomball | Located in the Houston, TX MSA | Houston Population: 2.3M+