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17711 Old Louetta Rd
Houston, TX 77070
Meineke Car Care Center · Retail Property For Sale
EXECUTIVE SUMMARY
Unlock a premier investment opportunity with this Meineke Car Care Center in Northwest Houston just off the intersection of 249 & Spring Cypress Rd. This prime commercial property in a high-traffic area offers a stable and attractive return for savvy investors with an attractive triple net lease running through September of 2027. It is priced at less than replacement cost and similar to less-equipped vacant automotive buildings, making this an attractive opportunity for retail property investors and automotive business operators. It is currently leased to a Meineke Car Care Center franchisee, a trusted national brand with over 800 locations nationwide and a strong customer base. This modern facility is fully gated and well-maintained, minimizing future maintenance & insurance costs.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,800 SF
Building Class
B
Year Built
2007
Price
$1,200,000
Price Per SF
$250
Cap Rate
6.82%
NOI
$81,840
Tenancy
Single
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.29
Lot Size
0.38 AC
PROPERTY TAXES
| Parcel Number | 1240920010003 | Improvements Assessment | $265,866 |
| Land Assessment | $75,407 | Total Assessment | $341,273 |
PROPERTY TAXES
Parcel Number
1240920010003
Land Assessment
$75,407
Improvements Assessment
$265,866
Total Assessment
$341,273
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