6907 Farm To Market 1960 RdHouston, TX 77066
High-yield bank lease; strong tenant; excellent location.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 94
Highlights
- $4,000,000 asking price for a 4,064 SF retail property.
- Absolute NNN ground lease with Wells Fargo, a corporate tenant, providing a corporate guarantee.
- 1.4 years remaining on the lease, with three 5-year renewal options at 10% rent increases every five years.
- High-visibility location on a major retail corridor with traffic counts exceeding 46,712 vehicles per day (VPD).
- 8.65% cap rate, $346,060 NOI.
Property Details for 6907 Farm To Market 1960 Rd
- Property type
- Other retail properties, Individual retail properties
- Square Feet
- 4,064 SF
- Year Built
- 2005
- Lot Size (sq. ft)
- 41,818 SF
- Units
- 1
Location Insight
- City
- Houston
- County
- Harris
- State
- Texas
- Latitude
- 29.9691041
- Longitude
- -95.5313597
Nearby Similar for Sale
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