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Swig 2413 Bay Area Blvd 665 SF Retail Building Houston, TX 77058 $1,217,391 ($1,830.66/SF) 5.75% Cap Rate
Investment Highlights
- Long-Term, Corporate-Backed Absolute NNN Lease: The Savory Fund corporate guarantee provides strong credit support over the full 15-year term
- Strategic, High-Traffic Location: Bay Area Blvd frontage with ±28,000 VPD, near major retail and employment hubs
- Regional Demand Drivers & Commercial Density: Anchored by NASA Johnson Space Center, UHCL, and healthcare and aerospace employers
- Structured Rent Escalations: Built-in 10% rent increases every 5 years (including extension periods)
- Fully Passive Ownership Profile: As a ground-leased, triple net leased asset with a corporate operator, minimal landlord involvement is required
Executive Summary
Swig (the “Property”) is a newly constructed freestanding retail building located on Bay Area Boulevard in Houston, Texas. The Property is situated as an outparcel within University Plaza, a shopping center that includes national/regional tenants such as Goodwill and Dollar Tree among others. This location offers excellent visibility, strong traffic counts, and synergy with surrounding retailers.
The building comprises approximately 665 square feet and is 100% leased to Swig Drinks, a rapidly expanding beverage concept known for its unique menu and growing customer base. The tenant operates under a 15-year triple net lease, providing passive income with minimal landlord responsibility. The lease includes fixed rental increases of 10% every five years during the primary term and each of the three additional five-year renewal options, ensuring long-term stability and income growth.
According to Placer.ai, this Swig location is ranked as the fifth most visited in Texas and is in the top 40 percent of Swig stores nationwide. This performance reflects strong brand recognition and customer engagement. This offering represents a compelling opportunity to acquire a stabilized single tenant retail asset with a long-term lease in place, backed by a dynamic and growing national operator.
The building comprises approximately 665 square feet and is 100% leased to Swig Drinks, a rapidly expanding beverage concept known for its unique menu and growing customer base. The tenant operates under a 15-year triple net lease, providing passive income with minimal landlord responsibility. The lease includes fixed rental increases of 10% every five years during the primary term and each of the three additional five-year renewal options, ensuring long-term stability and income growth.
According to Placer.ai, this Swig location is ranked as the fifth most visited in Texas and is in the top 40 percent of Swig stores nationwide. This performance reflects strong brand recognition and customer engagement. This offering represents a compelling opportunity to acquire a stabilized single tenant retail asset with a long-term lease in place, backed by a dynamic and growing national operator.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
665 SF
Building Class
B
Year Built
2023
Price
$1,217,391
Price Per SF
$1,830.66
Cap Rate
5.75%
NOI
$70,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.39 AC
Frontage
18’ on Bay Area Boulevard
Amenities
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Moderately walkable
60/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1347690010001 | Improvements Assessment | $9,328,969 |
| Land Assessment | $3,617,000 | Total Assessment | $12,945,969 |
Property Taxes
Parcel Number
1347690010001
Land Assessment
$3,617,000
Improvements Assessment
$9,328,969
Total Assessment
$12,945,969
Contacts
-
Brandon Beeson -
Kevin Holland -
John David Cobb -
Claire Schmeltekopf -
EDGE Capital Markets
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Swig | 2413 Bay Area Blvd
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