705 Southmore AvePasadena, TX 77502
High-yield NNN ground lease, strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 94
Highlights
- Quick Quack Car Wash, a top-four national chain with over 230 locations, occupies the property.
- The property boasts strong demographics, with over 278,000 residents and 96,000 daytime employees within a 5-mile radius, driven by industrial, refinery, and port activity.
- A 20-year NNN ground lease features 10% rent increases every five years, plus four 5-year options, offering a secure, long-term investment.
- The site enjoys a prime retail location on Southmore Avenue, near Walmart, Ross, DD's Discounts, and Dollar Tree, and the redeveloping Macroplaza Mall (The Avenida).
Property Details for 705 Southmore Ave
- Property type
- Other retail properties, Individual retail properties
- Square Feet
- 33,018 SF
- Year Built
- 2024
Location Insight
- City
- Pasadena
- County
- Harris
- State
- Texas
- Latitude
- 29.6911448
- Longitude
- -95.204629
Nearby Similar for Sale
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