CORP. FAST CASUAL MEX. RESTAURANT W/ DR-THRU 3000 Woodridge Dr

3000 Woodridge Dr , Houston, Texas, 77087 | 4,614 sq.f | $ 3,805,300

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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