12503 SH 249
Houston, TX 77086
Retail Property For Sale

PLS Check Cashers | New 10-Yr Corp NNN w/ Bumps SRS National Net Lease Group is pleased to present the rare opportunity to acquire PLS Check Cashers, a NNN leased, investment property located in Houston, TX. The tenant, PLS Check Cashers of Texas, L.P., recently signed a brand new 10-year lease, with 3 (5-year) option periods. The lease features approximately 10% rental increases every 5 years in the initial term and at the beginning of each option. The lease is corporate guaranteed and is NNN with landlord responsibilities restricted to roof & structure. The subject site is located at the signalized, hard corner intersection of Tomball Parkway/State Highway 249 and Antoine Drive with a combined 47,500 vehicles passing by daily. The asset has excellent visibility & access on a corner site. Directly across from the subject property is a Kroger anchored shopping center with other nearby national/credit tenants that include Walmart, Walgreens, CVS, O' Reilly Auto Parts, AutoZone, Whataburger, Wing Stop and more. In addition, just 5 miles away, along Tomball Parkway is Willowbrook Mall (1.5M SF of retail space) which is anchored by Nordstrom Rack, Macy' s, Dillards, Sears, Dick' s Sporting Goods, and JCPenney further increasing consumer crossover to the area. The 5-mile trade area is supported by a dense population of approximately 308,000 with an average household income of $59,000.