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Verizon 365 FM 518 Rd 2,500 SF Retail Building Kemah, TX 77565 $2,467,000 ($986.80/SF) 5.80% Cap Rate
Investment Highlights
- 10-year NNN lease with corporate guaranty from Verizon’s 2nd largest authorized retailer
- Located at entrance to major national tenant-anchored center
- Minutes from Kemah Boardwalk with 4M+ annual visitors
- Brand new 2025 construction with latest prototype design
- Affluent trade area with $145K average household income
- Shadow-anchored by Walmart with 2M annual visitors
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
B
Year Built
2025
Price
$2,467,000
Price Per SF
$986.80
Cap Rate
5.80%
NOI
$143,100
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.32 AC
Parking
13 Spaces (5.2 Spaces per 1,000 SF Leased)
Frontage
191’ on Farm to Market Road 518
Nearby Major Retailers
Property Taxes
| Parcel Number | 4361-0000-0003-000 | Improvements Assessment | $0 |
| Land Assessment | $646,120 | Total Assessment | $646,120 |
Property Taxes
Parcel Number
4361-0000-0003-000
Land Assessment
$646,120
Improvements Assessment
$0
Total Assessment
$646,120
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Verizon | 365 FM 518 Rd
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