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 & Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 24k Vehicles. Just South of The Woodlands: The Most Prosperous Suburb of Houston and the Region?s Largest Employment Center. This Location Features a Drive-Thru. Densely Populated and Affluent Area: Features an Average Household Income of more than $128k and over 227k People Residing within a 5-Mile Radius. Pad Site to Kroger and near Numerous National Retailers Including Walmart Supercenter, The Home Depot, ALDI, Target, Academy Sports, Lowe?s, etc
Executive Summary
Densely Populated & Affluent Area: $128k+ Avg HHI | Pad to Kroger | Immediate Area Experiencing Major Growth | Located near The Woodlands
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 2,813
- Year Built 2017
- Price 2,971,429
- Price Per SF 1,056
- Cap Rate 5.25
- NOI 156,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.08
- Land Acres 0.84 AC
Nearby Amenities & Transportation
Retail | Prosperity Bank | ||
Retail | Spring Creek Barbeque | ||
Retail | Kroger | ||
Retail | Starbucks | ||
Retail | Woodforest National Bank | ||
Retail | Chili's | ||
Retail | Bank of America | ||
Retail | Chase Bank | ||
Retail | PNC Bank | ||
Retail | Denny's |
Property Taxes
Parcel Number | 1235750010013 | Improvements Assessment | $662,166 |
Land Assessment | $809,942 | Total Assessment | $1,472,108 |
Date Created: | 2024-07-16 04:23:45 | Last Updated: | 2024-07-16 04:23:45 |
Address: | 6370 Farm to Market 2920 , Spring, Texas, 77379 |