1155 Edgebrook Drive
Houston, TX
Price:
$2,632,000
Cap Rate:
6.25%
NOI:
$164,495
Building Size:
Approx. 9,261 Sq. Ft.
Lot Size:
Approx. 1.74 Acres
Type:
Single-Tenant / Commercial
Sub Category:
Bank / Financial
Year Built / Renovated:
1991 / 2023
Investment Overview
- 2023 Renovation. 9,261+/- SF Building on 1.74+/- Acre Site
- 5-Year Corporate Net Lease w/ 10% Rental Increases Every 5 Years, w/ (2) 5-Year Options to Renew
- Excellent Deposits w/ Over $134 Million Reported in 2022
- Property is Near Intersection of I-45 and Edgebrook Dr – Sees Over 194,000 VPD
- Located on Rare Oversized Parcel of 1.74 Acres; Also Larger than Your Average Bank
- JPMorgan Chase Bank, through Subsidiary Chase Bank, is the Largest Bank in the U.S. – Only Bank w/ Presence in Every State
- Houston | 5th Largest MSA in the U.S. | MSA Population: 7.34M +