This Retail Property is Off-Market.

2959 North Loop 610 West
Houston, TX 77053 ·

5,410 SF · Retail For Sale

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Applebee's

Price N/A Cap Rate 7.50%
Building Size 5,410 SF Building Class A
Property Type Retail Tenancy Single
Property Sub-type Retail (Other) Year Built 2007
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 1.33 AC
Listing ID: 15930052 Date Created: 10/06/2008 Last Updated: 03/29/2010

Description

Leased to APPLEBEE' S INTERNATIONAL, INC., for 20 years from March 2007 until March 2027 at an initial net annual rent of $165,275 with 10% rental increases every five years. The lease is absolute net with tenant responsible for all taxes, insurance and CAM, including roof and structure. There are four 5-year renewal options, each with a 10% rental increase.

THIS IS RIGHT AT A MAJOR INTERSECTION OF HOUSTON' S INNER LOOP FREEWAY, LOOP 610. THIS SITE IS 10 MILES FROM DOWNTOWN, AND COMBINES HIGH INCOMES AND INCREDIBLE TRAFFIC COUNTS.Houston, with a population of nearly 2,000,000, is the largest city in Texas and the fourth largest in the nation. The city is one of the nation's largest seaports, and is home to 18 Fortune 500 companies.

Research

2959 North Loop 610 West, Houston, TX 77053 (Fort Bend County)

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