6201 Washington Ave
Houston, TX
Price:
$3554000
Cap Rate:
4.50%
NOI:
$159,900
Building Size:
Approx. 2200 Sq. Ft.
Lot Size:
Approx. 0.59 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2018
Investment Overview
- 2018 Construction. 2,200+/- SF Building on .59+/- Acre Site
- New 20-Yr Corp Ground Lease w/ 10% Rent Bumps Every 5-Yrs
- Located along Washington Ave (19K VPD), just S of I-10 (279K VPD)
- Subject property is located in the heart of multiple well known districts
- Near multiple high rise residential units (834) | 4-Miles W of Downtown
- Attractions: Memorial Park | The Galleria | Uptown Houston | NGR Stadium
- Major Employers: Air Liquide | BP America | Shell Oil Co | Exxon Mobil
- Houston is 2nd to NY City in Fortune 500 HQ’s – Ranked Forbes Top City
- 3-Mile Radius: 2017 Est Pop: 147,198 l 2-Mile Avg. HH Income: $175,734
- Greater Houston ( MSA) | 6TH Largest MSA in the U.S | Pop: 5,946,800