About This Restaurant
Investment Highlights
20 Year Absolute Net Ground Sale Leaseback Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options. Extremely Dense Houston Submarket w/ over 501k People Residing w/in a 5-Mile Radius. Strong Daytime Employment Area A Short Drive from Houston Christian University - a Private Baptist University that Offers more than 130 Degrees. This Location Features a Drive-Thru. Positioned Along Area?s Major Traffic, Industrial & Retail Corridor - Easy Access & Excellent Visibility. In Close Proximity to Numerous National Retailers Including Walmart Supercenter, H-E-B, Sun?s Wholesale Club, Viet Hoa International Foods, etc The Site Benefits from its Close Proximity to Downtown Houston - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants.
Executive Summary
Extremely Dense Houston Submarket: 501k People Residing w/in a 5-Mile Radius | High Traffic Counts | Strong Daytime Employment Area | Immediate Access to/from Sam Houston Tollway | Minutes from Major Medical Center and University
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 2,356
- Building Class B
- Year Built 2007
- Price 2,400,000
- Price Per SF 1,019
- Cap Rate 5.25
- NOI 126,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.08
- Land Acres 0.65 AC
Property Taxes
| Parcel Number | 1279820010001 | Improvements Assessment | $183,534 |
| Land Assessment | $417,150 | Total Assessment | $600,684 |
| Date Created: | 2024-07-16 04:23:45 | Last Updated: | 2024-07-16 04:23:45 |
| Address: | 10112 Bissonnet St , Houston, Texas, 77036 | ||