About This Restaurant
Investment Highlights
Brand New 2024 High Quality Construction; New 10 Year Corporate Lease to Starbucks Corporation; Dedicated Drive Thru Lane, Large Interior, Outdoor Patio, & Ample Parking; Income Tax Free State of Texas; Houston is Texas Largest City by Population Located at the On/Off Ramp of Interstate 288; Over 147,000 Cars Per Day; Dense Infill Location; Over 242,000 People within 5-Miles Primary Term Rental Increases of 10.00% Every 5 Years; Low Rent Schedule for SBUX New Construction; Fee Simple; Land and Building Ownership Investment Grade Credit: Starbucks Corporation (NYSE: SBUX); Standard & Poor?s Credit Rating: BBB+; Global Annual Revenue Exceeding $35.9B Recent New Developments Include 7-Eleven, Whataburger, QuikTrip, Advanced Auto Parts, Jack in the Box, and more along Orem Drive
Executive Summary
Perfect 1031 Exchange Property.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
- Building Size 2,000
- Year Built 2024
- Price 2,600,000
- Price Per SF 1,300
- Cap Rate 5
- NOI 130,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.05
- Land Acres 0.85 AC
Amenities
- Freeway Visibility
- Mezzanine
- Drive Thru
Property Taxes
| Parcel Number | 0451900000689 | Improvements Assessment | $243,576 |
| Land Assessment | $0 | Total Assessment | $243,576 |
| Date Created: | 2024-07-16 04:23:40 | Last Updated: | 2024-07-16 04:23:40 |
| Address: | 2451 E Orem Dr , Houston, Texas, 77047 | ||