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 50k Vehicles. Near Numerous National Retailers Including Kroger, H-E-B, The Home Depot, Fiesta Mart, Petco, Walgreens, CVS Pharmacy and many more. This Location Features a Drive-Thru. Densely Populated and Affluent Area: Features an Average Household Income of more than $80k and over 373k People Residing within a 5-Mile Radius. Walking Distance from Taylor High School and Kerr High School, providing for an Increased Potential Customer Base.
Executive Summary
Densely Populated & Affluent Area | High Traffic Counts | Near Numerous National Retailers | Walking Distance from High 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 2,642
- Year Built 1994
- Price 2,971,429
- Price Per SF 1,125
- Cap Rate 5.25
- NOI 156,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.08
- Land Acres 0.75 AC
Nearby Amenities & Transportation
Retail | Waffle House | ||
Retail | La Michoacana Meat Market | ||
Retail | Starbucks | ||
Retail | Church's Chicken | ||
Retail | Planet Fitness | ||
Retail | Regions Bank | ||
Retail | Jack In The Box | ||
Retail | Bank of America | ||
Retail | Kroger | ||
Retail | Chase Bank |
Property Taxes
Parcel Number | 1180970010001 | Improvements Assessment | $262,312 |
Land Assessment | $284,054 | Total Assessment | $546,366 |
Date Created: | 2024-07-16 04:23:45 | Last Updated: | 2024-07-16 04:23:45 |
Address: | 8002 S 6 , Houston, Texas, 77083 |