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- LoopNet Team
5175 W 34th St
Houston, TX 77092
Wells Fargo - Under Contract · Retail Property For Sale
Property Facts
Amenities
- Pylon Sign
- Drive Thru
About 5175 W 34TH ST , HOUSTON, TX 77092
The Property is leased to Wells Fargo & Company (NYSE: WFC). The company has over $1.9 trillion in assets and serves its customers through 7,950 locations and 13,000 ATMs in 37 countries. Further, the company holds an A- credit rating with S&P and A2 with Moody’s. The base term of the ground lease is 20 years and includes 10% rent increases every five years during the initial primary term and the four, 5-year option periods. The nearby neighborhoods to the east and to the southwest of the Property have become highly sought after, creating soaring home values paired with affluent demographics. According to Metrostudy, the average home values surrounding the Property within a 3-mile radius have increased by 73% since 2010. As the surrounding areas continue to attract new families and young professionals, the Property is ideally situated to capitalize on the evolving demographics.
Property Taxes
| Parcel Number | 1320900010001 | Improvements Assessment | $602,463 |
| Land Assessment | $598,030 | Total Assessment | $1,200,493 |
Property Taxes
