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Browse More Listings in Retail For Sale, Houston, TX or Texas

Retail Property - Off Market

GiGi's Caberet

11150 Northwest Freeway, Houston, TX 77092

Price:
N/A
Building Size:
5,211 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Additional Sub-types:
Leased Land
Restaurant
Theatre/ Performing Arts
Property Use Type:
Investment
Cap Rate:
6%
No. Stories:
1
Tenancy:
Single
Year Built:
1977
Lot Size:
27,223 SF
Tax ID / APN #:
0590030300032
Parking Ratio:
60 / 1,000 SF

Last Verified 7/4/2007 Listing ID 14932813

Highlights

Absolute Triple Net Investment
High Traffic Count Lighted Corner

Long Term Established Tenant

Description

Northeast corner of Northwest Freeway (US290) @ W. 34th Street - Longterm Tenant Existing S.O.B. Gentlemen's Club - Where J. Howard Marshall met Anna Nicole Smith! Absolute Triple Net Lease, plus additional income from grandfathered Highway Road Billboard lease originally to Viacom, now CBS Outdoor will start paying $25,000. annually starting in 2009. Current club tenant is now in process of major exterior renovation.

Located in the Northwest Growth Corridor of Greater Houston, just outside the inner loop 610 between 610 and Beltway 8 on the feeded of the Northwest Freeway (US290) at the NEC corner of West 34th Street. This prime hard corner surrounded by outstanding credit tenants is a gem.

Map of 11150 Northwest Freeway, Houston, TX 77092 (Harris County)

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Created 12/26/2006

Additional Information for 11150 Northwest Freeway, Houston, TX 77092

Active For Sale - 0 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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Nearby Recently Sold Retail propertiesSearch all recently sold commercial real estate

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Sold 3Q 2006

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - GiGi's Caberet

11150 Northwest Freeway, Houston, TX, 77092