2451 Orem DrHouston, TX 77047

For Sale
$2,600,000

High-growth area, 10-year lease, strong returns.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a brand-new, corporate-owned Starbucks located at 2451 E Orem Dr, Houston, TX 77047, within the Harris County area. The property, built in 2024, boasts a 2,000 square foot footprint and operates under a Net Net (NN) lease structure. The current lease commenced March 23, 2024, and extends for a substantial 10-year term, expiring March 29, 2034, leaving approximately 9.4 years remaining. The asking price is $2,600,000, representing a compelling 5.00% capitalization rate. This strategically positioned Starbucks benefits from significant demographic advantages, including a 46% population growth within a one-mile radius and an average household income exceeding $80,000 within the same area. The high-traffic location on Highway 288 sees over 147,000 vehicles per day, ensuring consistent customer flow. The lease includes 10% rent escalations every five years, providing built-in protection against inflation and increasing profitability over the lease term. This is a rare opportunity to acquire a high-performing, established brand in a rapidly expanding Houston market. The property's dense rooftop location further enhances its visibility and appeal. The Houston MSA provides a strong economic backdrop for this investment. This is a turnkey investment with significant upside potential.

Property Details for 2451 Orem Dr

Property type
Other retail properties, Restaurants
Year Built
2024

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.6282596
Longitude
-95.3855368
2451 Orem Dr, Houston, Texas

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2451 Orem Dr
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