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