402 Farm to Market Road 646
Dickinson, TX
Price:
$1,907,000
Cap Rate:
5.15%
NOI:
$98,223
Building Size:
Approx. 2,100 Sq. Ft.
Lot Size:
Approx. 0.58 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2019
Investment Overview
- 2019 Construction. 2,100+/- SF Building on .58+/- Acre Site
- New 10 Yr Corp Lease w/ 10% Rent Bumps Every 5 Yrs’
- Located FM 517 (31,360 VPD), just East of I-45 (93K VPD)
- Near Kroger, CVS, Taco Bell, H-E-B, T-Mobile, Buc-ee’s
- Proximity to three Schools with approx. 2,477 Students
- Surrounded by new residential communities (1,490-Homes)
- Strong Above Average Demos w $97,154 within 3-Miles
- 3.4-Miles North of Tanger Outlets Houston Lifestyle Center
- Industries: Aerospace, Petrochemical, Healthcare, & Retail
- Greater Houston MSA | 30-Miles South of Downtown Houston