14640 Northwest FwyHouston, TX 77040

For Sale
$2,487,000

Corporate-guaranteed net lease; strong Houston location.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents fee simple ownership of a 5,220-square-foot Sherwin-Williams retail building in Houston, Texas. The property boasts a 9.5-year remaining lease term with four 5-year renewal options, providing long-term stability and predictable income. The corporate-guaranteed net lease (NN) minimizes landlord responsibilities, limiting them to the building's roof and structure. Rental increases of 10% every five years throughout the initial term and at the start of each option period ensure consistent NOI growth and inflation protection. Located at 14640 Northwest Fwy, Houston, TX 77040, this single-story building sits on a 0.7-acre lot in a high-traffic area, benefiting from excellent visibility and accessibility at a signalized, hard-corner intersection. The property's prime location along a major Houston thoroughfare places it near numerous national retailers and a significant concentration of employees within a 5-mile radius, contributing to strong demographics. Built in 2014, this investment offers a 5.75% cap rate and a current NOI of $143,022, with an asking price of $2,487,000 ($476.44/sq ft). The property is zoned for commercial use and enjoys 100% occupancy. This is a rare opportunity to acquire a stable, high-performing asset in a thriving Houston market.

Highlights

  • Fee simple ownership of a Sherwin-Williams corporate-guaranteed net lease property in Houston, TX.
  • High-visibility location at a signalized hard-corner intersection with excellent access.
  • Located on a major Houston thoroughfare.
  • Strong demographics within a 5-mile radius, including a large concentration of employees.
  • 9.5-year remaining lease with four 5-year renewal options; 10% rent increases every 5 years.

Property Details for 14640 Northwest Fwy

Property type
Lifestyle centers, Power centers
Square Feet
5,220 SF
Year Built
2014
Buildings
1
Stories
1
Lot Size (sq. ft)
30,492 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.8670135
Longitude
-95.5389667
14640 Northwest Fwy, Houston, Texas

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14640 Northwest Fwy
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