This Retail Property is Off-Market.

Highway 59 North and Northpark Drive
Kingwood, TX 77339 ·

2,800 SF · Retail For Sale

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Whataburger Ground Lease

Price N/A Occupancy 100%
Building Size 2,800 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type Restaurant Property on Ground Lease? Yes
Property Use Type Net Lease Investment with 10+ years left on lease Year Built 2010
Construction Status Under Construction/Proposed Lot Size 0.96 AC
Cap Rate 7%
Listing ID: 16485059 Date Created: 11/25/2009 Last Updated: 06/16/2010

Description

Stan Johnson Company is pleased to offer for sale to qualified investors an attractive brand-new retail property located in Kingwood (Houston), Texas.

Whataburger is a family owned and operated regional burger chain. The chain provides 24 hour service at nearly 700 locations in Texas and 10 other states.

Kingwood is a 14,000 acre master-planned community located in northeast Houston, Texas. The majority of the community is located in Harris County with a small portion in Montgomery County. Known as the "Livable Forest," it is the largest master-planned community in Harris County and second-largest within the 10-county Houston/Sugar Land/Baytown metropolitan area.

Houston is the fourth-largest city in the United States of America and the largest city within the state of Texas. As of the 2006 U.S. Census estimate, the city has a population of 2.2 million within an area of 600 square miles. Houston is the seat of Harris County and the economic center of the Houston/Sugar Land/Baytown metropolitan area, the sixth-largest metropolitan area in the U.S. with a population of around 5.6 million.

Highlights

  • 20 year lease with three, 5-year renewal options
  • 6.5% increases every 5 years
  • Strong demographic area
  • Strategically located at US Highway 59 and Northpark Drive in Houston (Kingwood), Texas
  • Part of a 23-acre development anchored by a state of the art, 14 screen, stadium seating Starplex Cinema opening Spring 2010

Research

Highway 59 North and Northpark Drive, Kingwood, TX 77339 (Harris County)

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