8551 Almeda RdHouston, TX 77054

For Sale
$2,995,000

Prime Subway location, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 5,550 square foot retail property located at 8551 and 8549 Almeda Rd in Houston, Texas, 77054. The property consists of two single-story buildings totaling 5,550 square feet, situated on a substantial 25,221 square foot lot. A 4,000 square foot net rentable area is occupied by a Subway franchisee under a triple-net (NNN) lease, ensuring minimal landlord responsibilities. The property boasts 100% occupancy since February 1st, 2016, generating a strong net operating income (NOI) of $54,000 annually, resulting in a 1.80% cap rate. The asking price is $2,995,000, translating to a price per square foot of $539.64. Built in 2016, this property benefits from its strategic location at a major intersection of Almeda Road and Loop 610 South, a primary route to the Texas Medical Center, ensuring high visibility and accessibility. The property includes a 1,500 square foot freestanding Subway building and a 4,000 square foot new construction shell retail building. This offering presents a compelling investment opportunity with a stable tenant and significant potential for future growth.

Highlights

  • 4,000 SF new construction retail shell building.
  • 1,500 SF freestanding Subway restaurant with a net lease.
  • 25,221 SF land parcel.
  • Subway generates $54,000 annual net operating income (NOI).
  • Located at the high-traffic intersection of Almeda and Loop 610 S.
  • Prime location offering direct access to the Texas Medical Center.

Property Details for 8551 Almeda Rd

Property type
Other retail properties, Individual retail properties
Square Feet
5,550 SF
Year Built
2016
Buildings
2
Stories
1

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.6820562
Longitude
-95.392257
8551 Almeda Rd, Houston, Texas

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8551 Almeda Rd
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