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This exceptional investment opportunity presents a fully occupied, Class A retail center in Houston, TX. The 4,600 square foot property, built in 2019, sits on a 0.45-acre lot and boasts three tenants: Starbucks, Dunkin', and Dutch Bros. Coffee. The property benefits from a 100% occupancy rate and a strong weighted average lease term of 6.8 years, with each tenant holding two, five-year renewal options. Annual rent increases are in place, providing a hedge against inflation. The property features a triple-net (NNN) lease structure, meaning tenants are responsible for taxes, insurance, and operating expenses. The current Net Operating Income (NOI) is $241,371, resulting in a 7.01% cap rate. The strategic location on Sam Houston Parkway, near Westheimer Road, offers high visibility and accessibility, with significant daily traffic counts. The property is situated near major employers, including the Phillips 66 headquarters, and numerous retail amenities such as Trader Joe's, ALDI, HEB, Lowe's, Petco, Kohl's, and Walmart. The surrounding area also features a strong demographic profile, with a high average household income and projected population growth. This is a rare opportunity to acquire a well-positioned, high-performing retail asset with significant long-term growth potential. The asking price is $3,443,077.
Highlights
Prime Houston location on Sam Houston Parkway near Westheimer Rd, experiencing ±266,000 VPD. Strong demographics: 197,344 population within 3 miles, $110,988 average household income.
Investment-grade tenants: Black Rock Coffee and Fluent (Cansortium Inc.), providing dual corporate guarantees.
Inflation-resistant leases: 3% annual increases for two tenants, 10% every five years for Black Rock.
Triple-net (NNN) leases: Landlord receives reimbursements for taxes, insurance, operating expenses, and CAM.
Long-term leases: 6.8-year weighted average lease term, with two 5-year renewal options for each tenant.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.