Regions Bank Houston, TX

301 West 11th Street
Houston, TX

Price: $3,740,000
Cap Rate: 5.75%
NOI: $215,000
Building Size: Approx. 5,000 Sq. Ft.
Lot Size: Approx. 1.84 Acres
Type: Single-Tenant / Office
Sub Category: Bank / Financial
Year Built: 2006

Investment Overview

  • 2007 Construction. 5,000+/- SF Building on 1.84+/- Acre Site
  • 20-Year Absolute NNN Ground Lease with 2+ Yrs. Remaining & (2) 10-Year Options to Renew & 7.5% Rent Bumps Every 10 Yrs.
  • Subject Property is Located on West 11th Street (10,830+ VPD), Near the Intersection with Yale Street (9,996+ VPD), and Near TC Jester Blvd (14,667+ VPD).
  • Strong Deposit Base: This Branch of Regions Bank Boasts Exceptionally Strong Deposits, Exceeding $100 Million
  • Situated Within the Coveted Heights Area of Houston, This Infill Site Offers a Rare Opportunity to Acquire an Asset in a Highly Sought-After Neighborhood
  • Regions Bank is Ranked 434th on the Fortune 500 List and is on the List of the Largest Banks in the U.S. w/ 2023 Revenue of $9.153 Billion
  • Houston | 5th Largest MSA in the U.S. |  Population: 2.3 Million+