6501 Southwest FwyHouston, TX 77074

For Sale
$4,950,000

Prime Houston restaurant, high NOI, strong cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fully occupied, 6,713 square foot restaurant building situated on a 1.31-acre lot in Houston, Texas. Currently housing El Muelle Seafood & Grill, this net lease property offers a compelling return with a $4,950,000 asking price and a strong 6.30% cap rate, generating a net operating income (NOI) of $312,000. Built in 1979 and extensively renovated in 2024, the property features 120 parking spaces, a significant advantage in this high-traffic area. The lease includes rent bumps, ensuring future income growth. Located at 6501 Southwest Fwy, Houston, TX 77074, this single-tenant property benefits from a 100% occupancy rate and is situated on a ground lease. The property is categorized as retail, encompassing bar, QSR/fast food, and restaurant subtypes. This turnkey operation presents a rare opportunity for investors seeking a stable, high-performing asset in a thriving Houston market. The property is not located in a flood plain. Fixtures, furniture, and equipment (FF&E) are available.

Highlights

  • $4,950,000 asking price for a 6,713 SF net lease retail property.
  • 6.30% cap rate with a $312,000 NOI.
  • Located at 6501 Southwest Fwy, Houston, TX 77074, on a 1.31-acre lot with 120 parking spaces.
  • 100% occupancy with El Muelle Seafood & Grill as the tenant; property recently renovated in 2024.
  • Ground lease with rent bumps included.

Property Details for 6501 Southwest Fwy

Property type
Other retail properties, Restaurants
Square Feet
6,713 SF
Year Built/Renovated
1979/2024
Lot Size (sq. ft)
57,064 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.717475287207
Longitude
-95.49706491002
6501 Southwest Fwy, Houston, Texas

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6501 Southwest Fwy
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