17111 Tomball PkwyHouston, TX 77064

For Sale
$4,350,000

High-traffic location, strong tenant, 6.67% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 6,043 square foot, Class A restaurant property located at 17111 Tomball Pkwy, Houston, TX 77064. The property sits on a 86,435 square foot lot and features a single-story building constructed in 2002 and renovated in 2022. Currently operating under an absolute NNN lease with a credit-rated tenant backed by a corporate guarantee, this investment offers significant advantages. The lease boasts a 10-year term with 8 years remaining, including a 2% annual rental increase. The property generates a substantial Net Operating Income (NOI) of $290,126, resulting in a compelling 6.67% capitalization rate. The tenant, recognized among Houston's top alcohol-selling restaurants, enjoys a prime corner lot location just off Highway 249, ensuring high visibility and accessibility. Recent improvements include a new roof and AC systems. This turnkey investment provides immediate returns and long-term value, offering investors a stable income stream and a lucrative opportunity in a high-demand area. The property's strategic location and strong tenant history make it an ideal addition to any commercial real estate portfolio. The sale is structured as a sale for leaseback.

Highlights

  • Absolute Triple Net (NNN) ground lease; zero landlord responsibilities.
  • 2% annual rental increase.
  • Strong personal and corporate guarantees.
  • New roof and AC systems.
  • 2.5-acre corner lot.
  • Excellent visibility; located near Highway 249 and West Greens Road.

Property Details for 17111 Tomball Pkwy

Property type
Other retail properties, Restaurants
Square Feet
6,043 SF
Class
A
Year Built/Renovated
2002/2022
Buildings
1
Stories
1

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.95297328082
Longitude
-95.538676003876
17111 Tomball Pkwy, Houston, Texas

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17111 Tomball Pkwy
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