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4519 Griggs Rd
Houston, TX 77021
Gordon Restaurant Market · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 10-year base lease term with no landlord responsibilities.
- Gordon Restaurant Market is ideally positioned at the signalized intersection of Griggs Rd and Cullen Blvd.
- The Property is strategically located at the intersection of Griggs Rd & Cullen Blvd with easy access to several major highways in the Houston MSA inc
- Rent increases every year during the initial 10-year base lease term and the 3, 5-year options.
- Gordon Restaurant Market has incredible visibility along Griggs Rd, Cullen Blvd and Old Spanish Trail with exposure to over 50,000 cars per day. Ease
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
27,115 SF
Building Class
C
Year Built
1950
Price
$3,342,000
Price Per SF
$123.25
Cap Rate
6.75%
NOI
$225,585
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
2.95 AC
Opportunity Zone
Yes
Parking
152 Spaces (5.6 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 0410070160018 | Improvements Assessment | $1,565,221 |
| Land Assessment | $3,771,495 | Total Assessment | $5,336,716 |
PROPERTY TAXES
Parcel Number
0410070160018
Land Assessment
$3,771,495
Improvements Assessment
$1,565,221
Total Assessment
$5,336,716
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