3831 Golf DrHouston, TX 77018

For Sale
Call for price

High-Growth Area, 23,132 SF Pharmacy

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional sale-leaseback opportunity presents a 23,132-square-foot Class A retail building in Houston, Texas. Located in the desirable Garden Oaks submarket, this single-tenant property features a 7-year absolute NNN lease with a creditworthy tenant, Revive RX, one of the fastest-growing compounding pharmacies in Texas. The building, constructed in 1982 and extensively renovated in 2020 (including a new roof in 2024), sits on a 0.83-acre lot (36,465 sq ft). The lease includes annual rent escalations, providing consistent income growth. The property's prime location offers excellent access to Houston's thriving urban communities and business centers. With a strong NOI of $480,000, this investment presents a compelling opportunity for long-term, stable returns in a high-growth market. This is a rare chance to acquire a well-maintained, high-performing asset with a secure, long-term lease.

Highlights

  • Sale-leaseback opportunity: 23,132 SF Class A retail building leased to Revive RX, a creditworthy tenant.
  • 7-year absolute NNN lease with annual rent escalations.
  • 23,132 SF building on a 0.83-acre lot.
  • Major renovations completed in 2020, including a new roof in 2024.
  • Located in the high-growth Garden Oaks submarket of Houston, TX, with excellent access to major urban areas.
  • Strong NOI of $480,000.

Property Details for 3831 Golf Dr

Property type
Other retail properties, Individual retail properties
Square Feet
23,132 SF
Class
A
Year Built/Renovated
1982/2020

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.8224168
Longitude
-95.4243034
3831 Golf Dr, Houston, Texas

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3831 Golf Dr
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