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508 S Washington Ave 510 SF Retail Building Cleveland, TX 77327 $1,250,000 ($2,450.98/SF)
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
Executive Summary
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 Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
510 SF
Building Class
B
Year Built
2026
Price
$1,250,000
Price Per SF
$2,450.98
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.64 AC
Opportunity Zone
Yes
Frontage
117’ on South Washington Avenue
Amenities
- Pylon Sign
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 004060-000137-007 | Improvements Assessment | $0 |
| Land Assessment | $147,180 | Total Assessment | $147,180 |
Property Taxes
Parcel Number
004060-000137-007
Land Assessment
$147,180
Improvements Assessment
$0
Total Assessment
$147,180
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508 S Washington Ave
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