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. Positioned Along Area?s Major Traffic & Retail Corridor - Easy Access and Excellent Visibility w/ Daily Traffic Counts Exceeding 36k Vehicles. Near Numerous National Retailers Including Kroger, Walgreens, Hobby Lobby, Hibbett Sports, Big Lots, Ollie?s Bargain Outlet, King Dollar & many more. This Location Features a Drive-Thru. Brand New 2023 Construction. Densely Populated and Affluent Area: Features an Average Household Income of more than $101k and over 263k People Residing within a 5-Mile Radius. Walking Distance from Numerous Schools, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, & Teachers.
Executive Summary
Brand New Construction | Densely Populated & Affluent Area | High Traffic Counts | Strong Daytime Employment Area | Near Numerous National Retailers | Minutes from Medical Centers | Walking Distance from 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 2,822
- Building Class B
- Year Built 2023
- Price 3,371,429
- Price Per SF 1,195
- Cap Rate 5.25
- NOI 177,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.13
- Land Acres 0.49 AC
| Date Created: | 2024-07-16 04:23:45 | Last Updated: | 2024-07-16 04:23:45 |
| Address: | 11820 Jones Rd , Houston, Texas, 77070 | ||