About This Restaurant
Investment Highlights
CAVA Anchored Strip Center. 3-Tenant 100% Occupied with Synergistic Mix of National / Regional Tenants. This Property Features a Dual Drive-Thru. Densely Populated and Affluent Area: Average Household Income of $108k+ w/in a 3-Mile Radius & 254k+ People Residing within a 5-Mile Radius. Long Term NNN Leases w/ 10% Rental Increases Every 5 Years. Brand New 2023 / 2024 High Quality Construction. Strong Daytime Employment Area - Near Numerous Established Business Parks, Medical and Regional Office Spaces, Distribution Centers, Industrial etc. Located within The Energy Corridor - the Primary Concentration for Business Activity in the West Houston Metropolitan Area.
Executive Summary
Located w/in Houston?s Energy Corridor | Densely Populated and Affluent Area | Immediate Access to/from I-10 | Strong Daytime Employment Area | Across from Houston Methodist | Near Texas Children?s Hospital | In Close Proximity to Numerous Schools
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Fast Food General Retail Restaurant General Retail Storefront Freestanding
- Building Size 6,788
- LoopNet Rating 4 Star
- Year Built 2024
- Price 5,855,155
- Price Per SF 863
- Cap Rate 5.80
- NOI 339,599
- Percent Leased 100
- Building Height 1 Story
- Building FAR 0.16
- Land Acres 1.00 AC
Nearby Amenities & Transportation
| Retail | CAVA | ||
| Retail | Tim Hortons | ||
| Retail | LA Fitness | ||
| Retail | Shake Shack | ||
| Retail | Applebee's | ||
| Retail | Teriyaki Madness | ||
| Retail | Torchy's Tacos | ||
| Retail | Wingstop | ||
| Retail | Starbucks | ||
| Retail | Waffle House |
| Date Created: | 2024-07-16 04:23:45 | Last Updated: | 2024-07-16 04:23:45 |
| Address: | 1641 Greenhouse Rd , Houston, Texas, 77084 | ||