3356 Scott StHouston, TX 77004

For Sale
$1,406,495

High-yield Taco Bell NNN lease, Houston.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a fee-simple ownership of a 2,128-square-foot, Class A Taco Bell restaurant in Houston, Texas. Located at 3356 Scott St, Houston, TX 77004, this single-tenant property boasts a strong 5.85% cap rate and a substantial net operating income (NOI) of $82,280. The property sits on a 0.62-acre lot and benefits from a 20-year net lease, commencing April 24, 2013, and expiring April 24, 2033, with four 5-year renewal options. The lease includes 10% rental rate increases every five years, ensuring consistent income growth. The tenant, Taco Bell, is responsible for all property taxes, insurance, and capital expenditures, providing a truly passive investment experience. Built in 2013, this strategically located property is situated across from the University of Houston campus and just over a mile from Texas Southern University, benefiting from a high-traffic area and a large consumer base. The 5-mile population is 466,151, with a projected 4.01% growth, and the average household income within a 3-mile radius is $81,437. The property's permitted zoning is commercial. This is an ideal opportunity for investors seeking a low-management, high-return investment with significant long-term potential. The asking price is $1,406,495, representing a price per square foot of $660.95. The property is currently 100% occupied, with the occupancy date being April 25, 2013.

Highlights

  • 20-Year Absolute NNN Ground Lease with four 5-year renewal options, including 10% rental increases every five years.
  • Zero Landlord Responsibilities; tenant pays all property taxes, insurance, and capital expenditures.
  • 10% Rental Rate Increases Every 5 Years.
  • Four 5-Year Renewal Options with 10% Rental Rate Increases at Each.
  • Strong demographics: 466,151 population within 5 miles, projected 4.01% growth; $81,437 average household income within 3 miles.
  • Prime location across from the University of Houston and just over a mile from Texas Southern University.

Property Details for 3356 Scott St

Property type
Other retail properties, Individual retail properties
Square Feet
2,128 SF
Class
A
Year Built
2013
Lot Size (sq. ft)
27,007 SF
Units
1

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.7260963
Longitude
-95.3503506
3356 Scott St, Houston, Texas

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3356 Scott St
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