Houston, TX
Price:
$2,144,000
Cap Rate:
4.85%
NOI:
$104,000
Building Size:
Approx. 2,400 Sq. Ft.
Lot Size:
Approx. 0.77 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built:
2020
Investment Overview
- 2020 Construction 2,400+/- SF Building on 0.77+/- Acre Site
- New 20-year Absolute NNN Lease with 10% rent increases every 5-years
- Located at the southeast quadrant of “Hwy. 59” (256,557 VPD) at its signalized intersection with Bellaire Blvd. (45,642 VPD) in southwest Houston, TX
- Above average demographics | Within a 1-mile radius there are 29,000 people & 16,480 employees
- Close proximity to multiple Apartment Complexes, Medical Centers, and Universities
- Located 11-miles from downtown Houston, TX | Houston MSA 5th largest U.S. population