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El Refu Tex-Mex 17111 Tomball Pky 7,200 SF Retail Building Houston, TX 77064 $3,745,440 ($520.20/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 7,200 SF fully built-out restaurant and bar on a 2-acre site with ample parking
- Strong local tenant with liquor sales between $160K to $180K per month
- Located directly across the highway from Willowbrook Mall, which attracts 6 million annual visitors -Placer.ai ‘24
- Newly signed 10-year lease (2023)
- Tenant consistently ranks among the top alcohol sellers in Houston and operates four locations across Houston
- The landlord is responsible for the roof, foundation, and exterior walls, while the tenant is responsible for taxes, insurance, and CAM
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,200 SF
Building Class
C
Year Built/Renovated
2002/2013
Price
$3,745,440
Price Per SF
$520.20
Cap Rate
7.50%
NOI
$280,908
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.98 AC
Parking
123 Spaces (17.08 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Freeway Visibility
- Pylon Sign
- Restaurant
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1197230010002 | Improvements Assessment | $835,388 |
| Land Assessment | $1,296,525 | Total Assessment | $2,131,913 |
PROPERTY TAXES
Parcel Number
1197230010002
Land Assessment
$1,296,525
Improvements Assessment
$835,388
Total Assessment
$2,131,913
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El Refu Tex-Mex | 17111 Tomball Pky
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