4021 I-10 FrontageBaytown, TX 77521

For Sale
$4,260,869

High-yield, brand-new QSR investment.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a brand-new, 4,987 square foot Black Bear Diner located in Baytown, Texas. The property sits on a 1.117-acre lot at the northwest corner of Interstate 10 (93,000+ vehicles per day) and John Martin Road (9,200+ vehicles per day), offering unparalleled visibility and accessibility. This prime location is just 20 miles east of downtown Houston and benefits from its proximity to major retailers including Buc-ee's, Chick-fil-A, 7-Eleven, H-E-B, Academy, Marshalls, Kroger, and several car dealerships. The building was constructed in 2024 and features a 15-year absolute NNN lease with a corporate guarantee from Black Bear Diner, a well-established brand with 156 locations and plans for 14 new restaurants in 2024. The lease includes 10% rent bumps every five years and four five-year renewal options, ensuring long-term stability and growth. The property boasts a 5.75% cap rate and a strong net operating income (NOI) of $245,000. With a 100% occupancy rate and a population of 96,316 residents within a five-mile radius (projected to exceed 103,000 by 2028) and an average household income of $91,087, this investment offers significant potential for appreciation. Baytown, the fourth largest city in the Houston MSA, provides a robust and growing market for this type of establishment. The asking price is $4,260,869, representing a price per square foot of $854.40. The lease commenced on June 1, 2024, and expires on June 1, 2039, leaving a remaining term of 14.5 years.

Highlights

  • 2024 Construction, 4,987 SF building on 1.117-acre site.
  • Brand new construction, 15-year absolute NNN corporate lease with 10% rent increases every 5 years, plus four 5-year renewal options.
  • High-traffic location at I-10 (93,000+ VPD) and John Martin Road (9,200+ VPD), 20 miles east of Downtown Houston.
  • Excellent visibility and access from I-10, across from Buc-ee's, adjacent to Chick-fil-A and 7-Eleven, near other major retailers.
  • Strong demographics: 96,316 residents within a 5-mile radius, projected to exceed 103,000 by 2028, with an average household income of $91,087.
  • Black Bear Diner tenant has 156 existing locations and plans for 14 new restaurants in 2024.

Property Details for 4021 I-10 Frontage

Property type
Other retail properties, Individual retail properties
Square Feet
4,987 SF
Year Built
2024
Lot Size (sq. ft)
48,657 SF

Location Insight

City
Baytown
County
Harris
State
Texas
Latitude
29.8024993
Longitude
-94.9997152
4021 I-10 Frontage, Baytown, Texas

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4021 I-10 Frontage
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