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Cornelius Nursery 26710 26710 FM 1093 800 SF 100% Leased Retail Building Richmond, TX 77406 $5,000,000 ($6,250/SF) 6% Cap Rate
Investment Highlights
- Excellent Demographics
- 18 Years Remaining
- Absolute NNN Lease
Executive Summary
Absolute NNN Lease
18 Years Remaining Primary Term
5.0% Rent Bumps
18 Years Remaining Primary Term
5.0% Rent Bumps
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
800 SF
Year Built
2024
Price
$5,000,000
Price Per SF
$6,250
Cap Rate
6%
NOI
$300,000
Percent Leased
100%
Building Height
1 Story
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0290-00-001-0021-914 | Improvements Assessment | $1,798,835 |
| Land Assessment | $1,101,165 | Total Assessment | $2,900,000 |
Property Taxes
Parcel Number
0290-00-001-0021-914
Land Assessment
$1,101,165
Improvements Assessment
$1,798,835
Total Assessment
$2,900,000
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Cornelius Nursery | 26710 26710 FM 1093
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