This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
4203 Red Bluff Rd
Pasadena, TX 77503
H-E-B Corporate Guaranty, New 20 Yr NNN Lease · Retail Property For Sale
PROPERTY FACTS
ABOUT 4203 RED BLUFF RD , PASADENA, TX 77503
JLL is pleased to offer for sale the fee-simple interest in a Joe V’s Smart Shop (the “Property”, or “Asset”) located in Pasadena, Texas (Houston MSA). The Property sits within a densely populated Houston suburb located approximately 14 miles southeast of Downtown Houston. The newly-renovated Property is leased to HEB Grocery Company, LP (“H-E-B” or the “Tenant”) and operating as a Joe V’s Smart Shop, one of H-E-B’s discount retail grocery formats with nine locations throughout the Greater Houston area. H-E-B is operating on a 20-year net lease structure with contractual rental increases throughout the primary term and in each of the six, 5-year renewal options. The lease features a highly-coveted corporate guaranty from H-E-B, the largest grocery chain and largest privately held company in Texas. The offering presents the opportunity to acquire a high-performing grocery store operating on a long-term lease with minimal landlord responsibilities.
PROPERTY TAXES
| Parcel Number | 0572300000001 | Improvements Assessment | $10,375,545 |
| Land Assessment | $3,551,712 | Total Assessment | $13,927,257 |
PROPERTY TAXES
