3333 Red Bluff RdPasadena, TX 77503

For Sale
$720,800

NNN Lease, Corporate Guaranteed, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
94
Exceptional investment opportunity: a fee-simple, 3,789 square foot convenience store/QSR/Storefront in Pasadena, Texas (77503), located at 3333 Red Bluff Rd, on a 0.41-acre lot. This property boasts a strong net lease (NNN) with a corporate-guaranteed tenant, Select Management Resources (SMR), a significant player in the title loan industry with over 425 locations nationwide. The current lease, commencing October 1, 2024, and expiring October 1, 2044, features a 20-year term with a built-in 3% annual rent increase, ensuring consistent income growth. The property currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $45,050, resulting in an attractive 6.25% cap rate. The asking price is $720,800. This is a passive income investment with no landlord responsibilities beyond collecting rent

Highlights

  • Exceptional investment opportunity: Fee-simple, 3,789 SF convenience store/QSR/Storefront in Pasadena, TX (77503) for $720,800.
  • 20-year NNN lease with 3% annual rent increases, starting October 1, 2024.
  • Projected 7.60% return on investment after five years.
  • Corporate-guaranteed tenant (SMR) with 425+ locations nationwide.
  • Passive income investment with no landlord responsibilities.

Property Details for 3333 Red Bluff Rd

Property type
Other retail properties, Individual retail properties
Square Feet
3,789 SF
Lot Size (sq. ft)
17,860 SF

Location Insight

City
Pasadena
County
Harris
State
Texas
Latitude
29.6894549
Longitude
-95.1636896
3333 Red Bluff Rd, Pasadena, Texas

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3333 Red Bluff Rd
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