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Burlington | New 10yr Corp NN w/ Increases 10311 North Fwy 30,505 SF 100% Leased Retail Building Houston, TX 77037 $9,237,000 ($302.80/SF) 6.25% Cap Rate
Investment Highlights
- New 10-Year Lease | Corporate Guaranty | Options To Extend | Scheduled Rental Increases | July 2026 Grand Opening
- Part of Greens Landing Shopping Center | I-45 (271,900 VPD) |Aldine Senior High School (2,500+ Students)
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Burlington investment property located in Houston, Texas. The tenant, Burlington, recently signed a brand new 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features rental increases in year 6 and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
30,505 SF
Building Class
C
Year Built/Renovated
1999/2015
Price
$9,237,000
Price Per SF
$302.80
Cap Rate
6.25%
NOI
$577,327
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.14
Lot Size
5.00 AC
Zoning
None
Parking
199 Spaces (6.52 Spaces per 1,000 SF Leased)
Frontage
135’ on North Fwy
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Burlington
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Burlington | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1173810000001 | Improvements Assessment | $1,745,017 |
| Land Assessment | $1,523,375 | Total Assessment | $3,268,392 |
Property Taxes
Parcel Number
1173810000001
Land Assessment
$1,523,375
Improvements Assessment
$1,745,017
Total Assessment
$3,268,392
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Burlington | New 10yr Corp NN w/ Increases | 10311 North Fwy
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