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Abs. NNN Shell | Houston MSA, TX 3207 Greenhouse Rd 4,240 SF 100% Leased Retail Building Katy, TX 77449 $3,642,857 ($859.16/SF) 7% Cap Rate
Investment Highlights
- New 20 Year Absolute NNN Lease; 40 Years of Potential Remaining Lease Term; 2% Annual Rent Increases; Strong Lease Guaranty; Contact broker for detail
- Signalized Hard Corner Intersection; 23,800 Cars Per Day at the Intersection of Morton Road and Greenhouse Road
- Katy Is Part of the Houston MSA, One of the Fastest-Growing Large Metros in the U.S. and a Major Hub for Energy, Petrochemical, and Port-Related Jobs
- Fee Simple; Land and Building Ownership; Qualifies for Bonus Depreciation (Consult with Your Tax Professional)
- Excellent Demographics with Population of 230,756 and $113,824 Average Household Income within a 5-Mile Radius
- Katy is in the High-Growth Katy/West Houston Submarket within the Income Tax Free state of Texas
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
4,240 SF
Building Class
B
Year Built
2001
Price
$3,642,857
Price Per SF
$859.16
Cap Rate
7%
NOI
$255,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.48 AC
Zoning
NA HOUSTON
Parking
16 Spaces (3.77 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
40/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1146680030076 | Improvements Assessment | $747,203 |
| Land Assessment | $208,760 | Total Assessment | $955,963 |
Property Taxes
Parcel Number
1146680030076
Land Assessment
$208,760
Improvements Assessment
$747,203
Total Assessment
$955,963
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Abs. NNN Shell | Houston MSA, TX | 3207 Greenhouse Rd
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