508 S Washington Ave
Cleveland, TX 77327
Land For Sale
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0.60 AC
Investment Highlights
- Brand New Construction, Dual Drive-Thru 7 Brew Coffee property in Houston TX MSA
- Synergy w/ Walmart Supercenter (2.4M visits per Placer.ai) & HEB-Anchored shopping center (1.3M visits per Placer.ai) along Interstate 69 Freeway
- Texas: pro-business & no state income taxes
- Ultra-low rent: 3rd lowest base rent for a 7 Brew Coffee property to be listed in Texas
- Impressive Multi-Brand Franchise Operator (600+ units total)
- Absolute NNN Ground Lease: ultimate ease of management for investor
Property Facts
Description
Faris Lee Investments is pleased to present the opportunity to acquire a brand-new, dual drive-thru 7 Brew Coffee property in Houston TX MSA, with a grand opening expected in June 2026. The asset is secured by a 15-year absolute NNN ground lease featuring 10% rental increases every five years, offering investors a passive, inflation-hedged income stream with zero landlord responsibilities. Strategically positioned along Washington Ave near Interstate 69, the site benefits from strong retail synergy with nearby Walmart Supercenter and HEB-anchored shopping centers that collectively draw over 3.7 million annual visits (Placer.ai). The trade area ranks as one of the strongest-performing QSR markets in Texas, yet there is no existing QSR Coffee competition in proximity. Located within the Houston TX MSA, the #2 fastest-growing major metro in the country, and supported by Texas’ pro-business environment with no state income taxes, this offering represents a premier opportunity to acquire a brand-new, Absolute NNN 7 Brew Coffee investment property in one of Texas’ top metro areas.
Property Taxes
| Parcel Number | 004060-000137-007 | Improvements Assessment | $0 |
| Land Assessment | $147,180 | Total Assessment | $147,180 |
Property Taxes
