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Abs. NNN Texaco | Houston MSA, TX 12003 Bammel North Houston Rd 5,496 SF 100% Leased Retail Building Houston, TX 77066 $6,836,259 ($1,243.86/SF) 7.25% Cap Rate
Investment Highlights
- New 20 Year Absolute NNN Lease; 40 Years of Potential Remaining Lease Term; 2% Annual Rent Increases; Strong Lease Guaranty; Contact broker for detail
- Excellent Visibility and Access on Bammel North Houston Road; Over 29,000 Cars per Day
- Transportation Fuel and Maintenance is the Highest Consumer Expenditure within 3 Miles; 28.4% of all Spending
- Fee Simple; Land and Building Ownership; Qualifies for Bonus Depreciation (Consult with Your Tax Professional)
- Dense Infill Houston, TX Location; Over 326,000 Residents within 5 Miles; Population Expected to Grow at 6% Through 2030
- 30 Minute Drive to Downtown Houston; Income Tax Free State of Texas
Executive Summary
Qualifies for Bonus Depreciation (Consult with Your Tax Professional)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,496 SF
Building Class
B
Year Built
2006
Price
$6,836,259
Price Per SF
$1,243.86
Cap Rate
7.25%
NOI
$495,629
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.52 AC
Parking
15 Spaces (3.49 Spaces per 1,000 SF Leased)
Frontage
128’ on Bammel North Houston Road
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1280170010020 | Improvements Assessment | $747,469 |
| Land Assessment | $181,072 | Total Assessment | $928,541 |
Property Taxes
Parcel Number
1280170010020
Land Assessment
$181,072
Improvements Assessment
$747,469
Total Assessment
$928,541
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