Alvin, Texas
Price:
$2,875,000
Cap Rate:
4.00%
NOI:
$115,000
Building Size:
Approx. 4,988 Sq. Ft.
Lot Size:
Approx. 1.73 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built:
2020
Investment Overview
- 2020 Construction 4,988+/- SF Building on 1.73 +/- Acre Site
- 15-year Corporate Ground Lease with 10% rent increases
- Strategically located off East Highway 6 which has approximately 22,500 vehicles passing daily
- Less than a mile away is the Walmart Supercenter of Alvin that has approximately 10,000 visitors each week
- Alvin, TX is located 25-miles Southeast of Houston, TX
- Greater Houston (MSA) | 5th largest MSA in the U.S. | Population 7M+