222 E Parkwood Ave
Friendswood, TX
Price:
$1491000
Cap Rate:
5.50%
NOI:
$81,999
Building Size:
Approx. 2969 Sq. Ft.
Lot Size:
Approx. 0.69 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
1990
Investment Overview
- 2,969+/- SF Building on .69+/- Acre Site
- 20 Year NNN Lease with 10% Rent Bumps Every 5 Years
- No Damage or pause in operations during Hurricane Harvey
- Located along E Parkwood Ave (29K VPD), N of Parkwood Dr
- Across First Choice ER | Near Whataburger, AutoZone, H-E-B
- Near Space Center Houston (1M+Visitors/Year) | Baybrook Mall
- Major Employers: H-E-B Grocery | NASA Johnson Space Center
- 3-Mile Radius: 2017 Est Pop: 68,562 | Avg HH Income: $123,224
- Friendswood is located 24-Miles SE of downtown Houston, TX