Take 5 Oil – GL Houston, TX

1823 Richmond Avenue
Houston, TX

Price: $1584000
Cap Rate: 6.00%
NOI: $95,000
Building Size: Approx. 1500 Sq. Ft.
Lot Size: Approx. 0.22 Acres
Type: Single-Tenant / Retail
Sub Category: Automotive Service
Year Built: 2017

Investment Overview

  • 2017 Construction. 1,500+/- SF Building on .22+/- Acre Site
  • New 10-Year Corp, NNN GL w/ 10% Rent Bumps Every 5-Yrs
  • Located along Richmond Ave (25K VPD), just N of I-69 (250K VPD)
  • Just East of the Houston Galleria (2.4 M SF – 30M annual visitors)
  • Attractions: The Galleria | NRG Stadium | Space Center | Houston Zoo
  • Major Employers: BP America  | Shell Oil Company | Exxon Mobil
  • Houston is 2nd to NY City in Fortune 500 HQ’s – Ranked Forbes Top City
  • 3-Mile Radius: 2017 Est Pop: 188,974 l 3-Mile Avg. HH Income:  $145,953
  • Greater Houston ( MSA) | 6TH Largest MSA in the U.S | Pop: 5,946,800

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