951 Rollingbrook DrBaytown, TX 77521

For Sale
$2,187,000

High-performing, 100% occupied storefront.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional Baytown, Texas retail property presents a compelling investment opportunity. The 5,270 square foot building, constructed in 2018, sits on a 0.43-acre lot at 951 Rollingbrook Dr, 77521, and is 100% occupied by two national tenants: Speed Queen and Total Wireless. The property benefits from a strong Net Net (NN) lease structure, featuring a primary tenant with approximately 7.2 years remaining on a 10.2-year lease, including three five-year renewal options with 10% rent bumps every five years. A secondary tenant holds a five-year lease with annual 3% increases and a five-year renewal option. The property boasts a current Net Operating Income (NOI) of $133,804, yielding a 6.12% cap rate at an asking price of $2,187,000 ($414.99/sq ft). Its prime location as an outparcel to a busy Joe V's Smart Shop (HEB) in a high-growth area ensures consistent traffic and strong performance. The property's excellent visibility and access, coupled with the tenants' resilience to e-commerce trends, make this a secure and attractive investment. The fee-simple ownership provides complete control and potential for future appreciation. This is a rare opportunity to acquire a high-quality, well-leased retail property in a thriving market.

Highlights

  • Excellent tenant creditworthiness.
  • Prime retail location in a strong submarket.
  • Outparcel to a Joe V's Smart Shop (HEB).
  • Long-term leases with built-in rent increases (7.2 years remaining on primary lease with 10% rent bumps every 5 years; secondary lease has 3% annual increases).
  • Strong performing tenants with recession-resistant business models.
  • Net-Net (NN) lease structure.

Property Details for 951 Rollingbrook Dr

Property type
Other retail properties, Individual retail properties
Square Feet
5,270 SF
Class
C
Year Built
2018
Buildings
1
Stories
1
Lot Size (sq. ft)
18,731 SF

Location Insight

City
Baytown
County
Harris
State
Texas
Latitude
29.7607912
Longitude
-94.9764352
951 Rollingbrook Dr, Baytown, Texas

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951 Rollingbrook Dr
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