1216 East Houston Street
Cleveland, TX
Price:
$3,026,500
Cap Rate:
4.85%
NOI:
$146,785
Building Size:
Approx. 7,225 Sq. Ft.
Lot Size:
Approx. 1.09 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Parts
Year Built:
2021
Investment Overview
- 2021 Construction. 7,225+/- SF Building on 1.09+/- Acre Site
- 15 Yr Corporate Net Lease w/ (5) 5 Yr Renewal Options
- Recession-Resilient Tenant Experiencing Tremendous Growth
- Near Family Dollar, CVS, Taco Bell, Walmart, H-E-B, & Dollar General
- Strong Income Demographics w/ est. $60,834 within a 1-Mile Radius
- S&P BBB+ Credit Rating w/ more than 5,500 Locations
- Cleveland | Vibrant Houston, TX Suburb | Houston MSA