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Loan Star Loans | Houston, TX 10890 Beechnut St 2,800 SF Retail Building Houston, TX 77072 $2,040,000 ($728.57/SF) 6.75% Cap Rate
Investment Highlights
- Single-Tenant Corporate-Guaranteed Lease with Loan Star
- Wellshire is part of Select Management Resources, operating 500 title lending locations across 20 states since 1990
- Successfully operated at this location since 2007
- Lease guaranteed by Wellshire Financial Services, LLC, the operating entity behind Loan Star Title Loans, MoneyMax Title Loans, and LoanMax brands
- Loan Star, which has operated for 36 years, has 95 locations in Texas, including 54 in the Houston metro area
- Extended lease by 10 years in 2022
Executive Summary
Single-Tenant Corporate Guaranteed Lease | 6 Years Remaining with One 5-Year Option | Extended Lease by 10 Years in 2022 | #1 Loan Star within a 15-Mile Radius (Placer.ai) | Pad to dd’s Discounts, Dollar General and Local Grocer | Signalized Intersection; 43,000 CPD | 521,500 People in 5-Mile Radius; $82,000 AHHI
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,800 SF
Building Class
B
Year Built/Renovated
1982/2007
Price
$2,040,000
Price Per SF
$728.57
Cap Rate
6.75%
NOI
$137,700
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.41 AC
Parking
15 Spaces (5.36 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Lone Star Title
- Finance and Insurance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Lone Star Title | Finance and Insurance | - | - | - |
Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0420640000031 | Improvements Assessment | $5,645,693 |
| Land Assessment | $2,266,552 | Total Assessment | $7,912,245 |
Property Taxes
Parcel Number
0420640000031
Land Assessment
$2,266,552
Improvements Assessment
$5,645,693
Total Assessment
$7,912,245
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Loan Star Loans | Houston, TX | 10890 Beechnut St
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