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10505 W Fairmont Pky
La Porte, TX 77571
Spec's Wine Spirits and Fine Foods · Retail Property For Sale
Investment Highlights
- Long-term NNN Lease – 8 years remain on an original 10-year lease with an additional 2 (5-year) options
- Tenured and Successful Corporate Operator – Spec’s Wine, Liquor & Finer Foods has become a premier liquor store in Texas, ~200 locations
- Recession-proof tenant with year-round demand from residents and employees in the immediate trade area
- Rent increases every 5 years provide a hedge against inflation
- Limited Competition - grocers are not permitted to sell spirits in the state of TX
- Texas is a tax-free state
Property Facts
Property Type
Retail
Property Subtype
Building Size
8,000 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.82 AC
Zoning
General Commercial - Commercial
Parking
37 Spaces (4.63 Spaces per 1,000 SF Leased)
Frontage
135’ on West Fairmont Parkway
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