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