2100 34Th StHouston, TX 77018

For Sale
$1,500,000

1,599 SF Restaurant, 5% Cap Rate, $1.5M

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 1,599-square-foot restaurant in Houston, Texas, presents a lucrative investment opportunity. Located on a signalized corner with high daily traffic volume (16,100 vehicles), it benefits from its proximity to Waltrip High School (approximately 750 feet away), serving a large student population of over 1,700. The strong demographics are undeniable, with 400,000 people within a 5-mile radius boasting an average household income of $112,000. The property boasts a long operational history, with the current restaurant having been established since the 1980s. The current tenant operates under a net-net lease structure, responsible for all expenses except property taxes. The asking price is $1,500,000, offering a compelling 5.00% capitalization rate with a net operating income (NOI) of $75,000. This turnkey operation is situated at 2100 W 34th St, Houston, TX 77018, in Harris County. The property's prime location and established history make it an ideal investment for discerning buyers seeking a stable and profitable venture in a thriving market.

Highlights

  • Signalized hard corner location at Oak Forest Drive and 34th Street, with 16,100 vehicles per day.
  • Proximity to Waltrip High School (750 feet), enrolling over 1,700 students.
  • Strong demographics: 400,000 people within a 5-mile radius, $112,000 average household income.
  • Established restaurant operation since the 1980s.
  • Net-net lease; tenant responsible for all expenses except property taxes.

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.817304853411
Longitude
-95.436704665629
2100 34Th St, Houston, Texas

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2100 34Th St
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