4545 Sam Houston PkwyHouston, TX 77048

For Sale
$4,500,000

High-yield auto shop, NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 12,000-square-foot auto shop strategically located at 4545 South Sam Houston Parkway East in Houston, Texas, within Harris County, zip code 77048. Built in 2006 on a 3.5-acre lot, the property boasts 43 parking spaces and offers convenient access to Beltway 8, experiencing an average daily traffic count nearing 26,000 vehicles. The property is currently under a triple-net (NNN) lease with Service King Paint and Body, LLC, a corporate guarantor, ensuring minimal landlord responsibilities. The lease commenced October 5, 2015, and expires March 30, 2036, providing a substantial remaining lease term of 14.5 years, including four 5-year option periods with 10% base rent escalations every five years. The property generates a Net Operating Income (NOI) of $187,000, resulting in a compelling 4.16% capitalization rate. The asking price is $4,500,000. This location benefits from a high-income market, with average incomes exceeding $70,000, further enhanced by Texas's status as a non-income tax state, maximizing after-tax yields for investors. This is a rare opportunity to acquire a stable, high-performing asset in a prime Houston location.

Highlights

  • Built in 2006.
  • Absolute NNN lease with zero landlord responsibilities.
  • Strategically located off Sam Houston Parkway with access to Beltway 8 (ADT ~26,000 vehicles).
  • High-income market; average incomes exceeding $70,000 in a non-income tax state.
  • Four 5-year lease option periods with 10% base rent escalations every five years.
  • Corporate guarantee by Service King Paint and Body, LLC.

Property Details for 4545 Sam Houston Pkwy

Property type
Other retail properties, Automotive properties
Square Feet
12,000 SF
Year Built
2006
Lot Size (sq. ft)
152,460 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.6019632
Longitude
-95.3459407
4545 Sam Houston Pkwy, Houston, Texas

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4545 Sam Houston Pkwy
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