Patterson Park - NNN Lease Available For Sale 2205 Patterson St 4,000 SF Vacant Retail Building Houston, TX 77007 For Sale
INVESTMENT HIGHLIGHTS
- The Absolute NNN Lease with 10 years remaining
- 8,000 sq ft of deck overlooking a stand of trees that will never be developed
- A powerful custom sound system integrated with all TVs.
- 4,500 sq feet of interior space divided into several areas.
- 40 big screen TVs individually controlled from a single iPad source so programming can be changed on each TV.
- 120 seats inside and 140 outside
EXECUTIVE SUMMARY
Patterson Park Patio Bar is available for sale. The Absolute NNN Lease has 10 years remaining and features attractive 10% rental increases every five years throughout the initial term and in any renewal options. With zero landlord responsibilities the Property provides investors an opportunity to acquire a long-term, passive investment in one of the nation’s fastest growing cities.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,000 SF
Building Class
B
Year Built
2022
Percent Leased
Vacant
Building Height
1 Story
Building FAR
0.08
Lot Size
1.08 AC
Frontage
413’ on Patterson St
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1502010010001 | Improvements Assessment | $727,700 |
| Land Assessment | $922,594 | Total Assessment | $1,650,294 |
