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This exceptional investment opportunity presents a 7,200 square foot O'Reilly Auto Parts retail building situated on a 0.85-acre lot in Houston, Texas. Built in 2009, the property boasts a strong 100% occupancy rate with a Net Net lease in place. The asking price is $2,120,000, translating to a price per square foot of $294.44 and a compelling 5.85% cap rate, based on a current Net Operating Income (NOI) of $124,005. The lease features a significant remaining term of over seven years, providing long-term stability and predictable cash flow. The property enjoys excellent visibility and accessibility, with direct frontage on Airline Drive, experiencing over 20,000 vehicles per day. Its strategic location within a densely populated area, boasting over 300,000 residents within a 5-mile radius and 1.1 million within 10 miles, ensures consistent customer traffic. Furthermore, its proximity to Interstate 45 and other major retailers such as Aldi, Chick-fil-A, McDonald's, Academy, and Walmart, enhances its appeal and market position. This investment-grade tenant, rated BBB by Standard & Poor, offers a rare combination of strong performance, secure lease terms, and a prime location, making it an ideal addition to any portfolio. The property address is 10308 Airline Dr, Houston, TX 77037.
Highlights
7,200 SF O'Reilly Auto Parts building on a 0.85-acre lot in Houston, TX.
Investment-grade tenant (S&P BBB rating) with a net-net lease.
Over 7 years remaining on the initial 20-year lease term.
Excellent visibility and access; Airline Drive frontage with over 20,000 vehicles per day (VPD).
Strong demographics: over 300,000 residents within a 5-mile radius and 1.1 million within 10 miles.
Close proximity to I-45 and major retailers (Aldi, Chick-fil-A, McDonald's, Academy, Walmart).
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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.