COMERICA BANK Houston, TX

12727 East Fwy
Houston, TX

Price: $1484000
Cap Rate: 5.00%
NOI: $74,183
Building Size: Approx. 4072 Sq. Ft.
Lot Size: Approx. 0.73 Acres
Type: Single-Tenant / Retail
Sub Category: Bank / Financial
Year Built / Renovated: 1995 / 2002

Investment Overview

  • 4,072+/- SF Building on .73+/- Acre Site
  • 20-Yr Corp Lease w/ 10+ Yrs remaining & 8% Rent Bumps Every 5-Yrs
  • Located along Interstate 10 (202,000 VPD), just E of Federal Rd (37,000)
  • Near Walmart, Bank of America, Jack in the Box, The Home Depot, Citgo
  • Major Employers: BP America (9,537 Empl.) | ConocoPhillips (2,600 Empl.)
  • Houston is ranked “Top 5 Best Big Cities for Jobs” by – Forbes Magazine
  • 3-Mile Radius: 2016 Estimated Pop: 94,260 l 2-Mile Avg HH Income:  $50,151
  • Houston -Sugar Land-Baytown (MSA): 6th Largest MSA in US | Pop: 5,946,800

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