810 Southmore Avenue
Pasadena, TX
Price:
$974000
Cap Rate:
5.65%
NOI:
$55,000
Building Size:
Approx. 1634 Sq. Ft.
Lot Size:
Approx. 0.9 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built:
2017
Investment Overview
- 2017 Construction. 1,634+/- SF Building on .90+/- Acre Site
- New 10-Year Corp, NNN GL w/ 10% Rent Bumps Every 5-Yrs
- Located along Southmore Ave (25K VPD), W of Pasadena Blvd
- Adjacent to Whataburger | Near Advance Auto, Discount Tire
- Subject property is near Pasadena Town Square (744,309 SF)
- Local Attractions: The Galleria | NRG Stadium | Space Center
- Employers: BP America HQ | Shell Oil Company | Exxon Mobil
- 3-Mile Radius: 2017 Est Pop: 136,200 | Avg HH Income: $52,413
- Houston ( MSA) | Sixth Largest MSA in the U.S | Pop: 5,946,800