1450 West Fairmont Parkway
La Porte, TX
Price:
$1411000
Cap Rate:
5.50%
NOI:
$77,600
Building Size:
Approx. 2304 Sq. Ft.
Lot Size:
Approx. 0.73 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2001
Investment Overview
- 2,304+/- SF Building on .73+/- Acre Site
- 20 Year NNN Lease with 10% Rent Bumps Every 5 Years
- No Damage or pause in operations during Hurricane Harvey
- Located along Fairmont Pkwy (40K VPD), just W of Hwy 146
- Adjacent to Kroger Anchored SC| Near SBUX, Taco Bell, Chase
- Attractions: Sylvan Beach | Yacht Club | Bay Forest Golf Course
- Near the Port of Houston (Busiest Port in the United States)
- Major Employers: Dow Chemical | NASA Johnson Space Center
- 3-Mile Radius: 2017 Day Pop: 15,256 | Avg HH Income: $89,106
- La Porte is located 30 Miles East of downtown Houston, Texas