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Black Bear Diner 4021 Interstate 10 4,987 SF Retail Building Baytown, TX 77521 $3,920,000 ($786.04/SF) 6.25% Cap Rate
Investment Highlights
- 2024 Construction. ±4,987 SF Building on ±1.117 Acre Site
- Conveniently Situated off a Heavily-Trafficked I-10 Exit, Directly Across from Buc-ee’s and Adjacent to Chick-fil-A and 7-Eleven
- Black Bear Diner Is a Fast-Growing, Family Dining Concept with 156 Locations and 14 New Restaurants Planned for 2024
- Excellent Location at the NWC of Interstate 10 & John Martin Road (102,200+ Combined VPD)
- Less Than Half a Mile from San Jacinto Marketplace, a 1.1M+ SF Retail, Dining, and Entertainment Development
- Baytown, TX | Part of the Houston–Sugar Land–Baytown MSA | Population: 84,324
Executive Summary
Brand New 15-Year Absolute NNN Corporate Lease with 10% Rental Increases Every 5 Years
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
4,987 SF
Building Class
B
Year Built
2024
Price
$3,920,000
Price Per SF
$786.04
Cap Rate
6.25%
NOI
$245,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.11 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | 1417540010008 | Improvements Assessment | $1,601,570 |
| Land Assessment | $389,256 | Total Assessment | $1,990,826 |
Property Taxes
Parcel Number
1417540010008
Land Assessment
$389,256
Improvements Assessment
$1,601,570
Total Assessment
$1,990,826
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Black Bear Diner | 4021 Interstate 10
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