6705 Fondren Road
Houston, TX
Price:
$1,610,000
Cap Rate:
5.75%
NOI:
$92,565
Building Size:
Approx. 2,550 Sq. Ft.
Lot Size:
Approx. 0.48 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built / Renovated:
1972 / 2021
Investment Overview
- 2021 Renovation. 2,550+/- SF Building on 0.48+/- Acre Site
- Brand New 10 Yr Absolute NNN Lease w/ 3.5% Annual Rent Increases in Primary Term
- Project Pollo is a Brand New Plant-Based Chicken Fast-Casual Dining Chain w/ Vegan Menu
- Ideally Situated in Densely Populated High Traffic Corridor Along Southwest Freeway (171K VPD)
- Near Burlington, Rainbow, Family Dollar, CVS, Walgreens, Foot Locker, Planet Fitness
- Strong Income Demos w/ an est. $99,283 within a 5-Mile Radius
- Houston | 5th Largest MSA in the USA | Population: 2.33 Million+