2508 North Shepherd Drive
Houston, TX
Price:
$3,294,500
Cap Rate:
4.25%
NOI:
$140,000
Building Size:
Approx. 2,080 Sq. Ft.
Lot Size:
Approx. 0.451 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built:
2022
Investment Overview
- 2022 Construction. 2,080+/- SF Building on 0.451+/- Acre Site
- Brand New 15 Yr Corporate Ground Lease w/ 10% Rental Increases
- Subject Property Located Less Than 0.5 Miles from I-610 (155K VPD)
- Near Kroger, Lowe’s, Tuesday Morning, Petco, Big Lots!, The Home Depot
- Strong Income Demographics w/ est. $166,129 within a 1-Mile Radius
- Valvoline is a Recession-Resilient Tenant w/ Record Sales Numbers in 2021
- Houston | 5th Largest MSA in the US | Population: 2.33MM