2205 West Parkwood Avenue
Friendswood, TX
Price:
$1,818,908
Cap Rate:
6.50%
NOI:
$118,229
Building Size:
Approx. 3,230 Sq. Ft.
Lot Size:
Approx. 0.68 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Parts
Year Built:
2019
Investment Overview
- 2019 Construction. 3,230+/- SF Building on 0.68+/- Acre Site
- 10+ Years Remaining on 15-Year Abs. NNN Lease w/ 10% Rental Increases Every 5 Years, Plus (2) 5-Year Options to Renew
- Strong Corporate Guarantee – Grease Monkey Intl. is a Wholly Owned Subsidiary of Full Speed Automotive
- Ideally Positioned Along Parkwood Ave (FM 528), the Main Arterial Road Through Friendswood (33,500+ VPD)
- Phenomenal Demographics & Growth – 5-Mile Radius Population of 110k+ w/ Avg. HH Income of $162k+
- Grease Monkey International is the Nation’s Largest Independent Franchisor of Automotive Oil Change (2M+ Customers Per Year)
- Friendswood | 24 Miles From Downtown Houston, TX | Population: 40,833+