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Abs. NNN Valero | Houston MSA, TX 3510 Burke Rd 2,600 SF Retail Building Pasadena, TX 77504 $5,851,852 ($2,250.71/SF) 6.75% 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
- 26,900 Cars Per Day at the Signalized Hard Corner Intersection Location of Burke Road and Vista Road
- Convenient Neighborhood Location Along Burke Road Near Daily-Needs Retail and Services Including; 24-Hour Walgreens, Kroger’s, Bealls, Petco, More
- Fee Simple; Land and Building Ownership; Qualifies for Bonus Depreciation (Consult with Your Tax Professional)
- Over 311,000 People and $81,371 Average Household Income within a 5-Mile Radius
- Located Within the Houston MSA and the Southeast Industrial / Petrochemical Corridor, Benefiting from Daily Traffic Generated by Refinery & Port
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,600 SF
Building Class
C
Year Built
1982
Price
$5,851,852
Price Per SF
$2,250.71
Cap Rate
6.75%
NOI
$395,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.71 AC
Frontage
363’ on Burke Road
Amenities
- Signage
Moderately walkable
60/100
Moderately drivable
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0341950000097 | Improvements Assessment | $411,085 |
| Land Assessment | $233,355 | Total Assessment | $644,440 |
Property Taxes
Parcel Number
0341950000097
Land Assessment
$233,355
Improvements Assessment
$411,085
Total Assessment
$644,440
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Abs. NNN Valero | Houston MSA, TX | 3510 Burke Rd
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