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12298 Beechnut St
Houston, TX 77072
Abs. NNN Phillips 66 | Houston MSA, TX · Retail Property For Sale
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
- Signalized Hard-Corner Intersection; 51,500 Cars Per Day at the Intersection of Beechnut Street and Cook Road
- Located within the Houston MSA, One of the Fastest-Growing Large Metros in the U.S. and a Major Hub for Energy, Healthcare, and Port-Related Jobs
- Fee Simple; Land and Building Ownership; Qualifies for Bonus Depreciation (Consult with Your Tax Professional)
- Excellent Demographics with Population of 525,659 and $80,030 Average Household Income within a 5-Mile Radius in a Dense Established Trade Area
- Excellent Visibility and Access on Beechnut Street
Executive Summary
Qualifies for Bonus Depreciation (Consult with Your Tax Professional)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,473 SF
Building Class
C
Year Built
1999
Price
$5,062,600
Price Per SF
$1,457.70
Cap Rate
7%
NOI
$354,382
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.51 AC
Zoning
none
Parking
12 Spaces (3.46 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 1013680000026 | Improvements Assessment | $624,688 |
| Land Assessment | $223,510 | Total Assessment | $848,198 |
Property Taxes
Parcel Number
1013680000026
Land Assessment
$223,510
Improvements Assessment
$624,688
Total Assessment
$848,198
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