Description
Hooters is located at 12914 Northwest Freeway in Houston, Texas. The subject property is a 7, +/- square foot, single-tenant restaurant building on approximately 60,113+/ square feet or 1.3843 acres of land with excellent Highway frontage along US-290 (Northwest Freeway). A new 15 year lease will be signed at close of escrow. This lease will include 7.5 percent rent increases every five (5) years and will also include four (4), five (5) year renewal options.
Located in a high traffic, high growth area of Harris County, the subject property benefits from it's superb location among several power centers and new commercial development. The major retailers that make up the power centers include: Wal-Mart, Target, The Home Depot, PetsMart, Office Depot, ROSS, Old Navy, Pier 1 Imports, Payless Shoe Source, Famous Footwear, Bath & Body Works, Chipotle, Hollywood Video, 24 Hour Fitness, Marshalls and Babies "R" Us.
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Founded in 1836, the City of Houston has a 2003 estimated population of 2.01 million and a metro area population of 4.8 million (the 10th largest among U.S. metropolitan statistical areas). Houston boasts more than 40 colleges, university and institutions - offering higher education options to suit all interests. Houston is also home to the Texas Medical Center, the largest medical center in the world, with a local economic impact of $10 billion. More than 52,000 people work within its facilities, which encompass 21 million square feet. Altogether 4.8 million patients visit them each year.
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