About This Restaurant
Investment Highlights
Absolute Net Lease Featuring Above Average Increases (Greater of 15% or CPI) at Each Option. 13+ Year Historical Occupancy. Nearby On/Off Ramp Access to both Interstate-610 (180k+ VPD) and Interstate-45 (196k+ VPD), two Heavily Traveled Commuter Thoroughfares. Pad Site to Lowe?s & Adjacent to Gulfgate Center - a 805k+ SF Power Center anchored by H-E-B, Lowe?s Home Improvement, Marshalls, Ross, etc Positioned Along Area?s Major Retail & Traffic Corridor: Equipped with a large Pylon Sign - Features Excellent Visibility & Easy Access. Excellent Demographics - Densely Populated Area: Features 327k+ People Residing within a 5-Mile Radius. 1.9k+ Apartment Units within 1-Mile Radius. Site is located within the Opportunity Zone - An Investment Program that Offers Tax Incentives through a Qualified Opportunity Fund.
Executive Summary
Corp. Taco Palenque w/ Drive-Thru | Absolute Net Lease | Rare Above Average Increases | 13+ Year Historical Occupancy | Signalized Hard Corner | Large Pylon Sign | Near I-610 & I-45 | Densely Populated Area | Pad Site to Lowe?s & Adjacent to H-E-B Anchored Power Center | Minutes from University of Houston | Opportunity Zone
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 4,614
- Building Class C
- Year Built 1986
- Price 3,805,300
- Price Per SF 825
- Cap Rate 8
- NOI 304,424
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.14
- Land Acres 0.76 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signalized Intersection
- Drive Thru
Nearby Amenities & Transportation
Retail | Panda Express | ||
Retail | Starbucks | ||
Retail | Bank of America | ||
Retail | Wingstop | ||
Retail | Mod Pizza | ||
Retail | H-E-B | ||
Retail | Chase | ||
Retail | El Ahorro 5 Supermarket | ||
Retail | La Michoacana Meat Market | ||
Retail | Comerica |
Property Taxes
Parcel Number | 0450660010121 | Improvements Assessment | $0 |
Land Assessment | $430,873 | Total Assessment | $430,873 |
Date Created: | 2024-07-16 04:23:39 | Last Updated: | 2024-07-16 04:23:39 |
Address: | 3000 Woodridge Dr , Houston, Texas, 77087 |