About This Restaurant
Investment Highlights
100% Occupied | Diverse Tenant Lineup | Excellent Visibility and Access | Experienced 125+ Unit Operator Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes Dense Retail Corridor | Along Arterial Thoroughfare |Near Major Interchange | Heavily Traveled Trade Area
Executive Summary
SRS National Net Lease is pleased to present the opportunity to acquire the fee simple interest interest (land & building ownership) in the Beltway 8 Plaza located in Houston, Texas. The center consists of a diverse, ecommerce resistant tenant lineup comprised of retail, restaurant, and service tenants, creating a stabilized income stream for a future investor in an income tax free state. Popeyes is equipped with a drive thru and operated by Z&H Foods, an experience franchisee currently operating over 125 units. All the tenants operate under leases which are NNN in nature, minimizing expense leakage for a future investor.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Restaurant General Retail Storefront Freestanding
- Building Size 16,017
- Building Class B
- LoopNet Rating 4 Star
- Year Built 2018
- Price 5,374,000
- Price Per SF 336
- Cap Rate 6.75
- NOI 362,777
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.17
- Land Acres 2.18 AC
Amenities
- Freeway Visibility
- Restaurant
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 1380630010002 | Improvements Assessment | $2,249,260 |
| Land Assessment | $1,150,740 | Total Assessment | $3,400,000 |
| Date Created: | 2024-07-16 04:23:40 | Last Updated: | 2024-07-16 04:23:40 |
| Address: | 3503 S Sam Pkwy E , Houston, Texas, 77047 | ||