Valvoline Houston, TX

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