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520 W Main St 609 SF Retail Building Tomball, TX 77375 $995,000 ($1,633.83/SF) 6% Cap Rate
EXECUTIVE SUMMARY
DeNovo Coffee Property
Income Producing Commercial Property
Address: 520 West Main Street, Tomball, TX 77375
Leased to DeNovo Coffee Company with a 9 year NNN lease
HCAD Parcel: 1372 0400 10011
Price: $995,000.00
Cap rate per owner: 6.0%
Price per sq. ft.: $814.00 [land only]
Land Acreage: .48 acres
Land sq. ft.: 21,000 sq. ft.
Zoning: OT & MU (Old Town & Mixed Use)
Parking: Adequate
Curb Cuts: 1 - FM 2920 (Main Street)
1 - N Magnolia Street
**Seller Prefers All Cash or 1031 Exchange Buyer**
Located on Main St (FM 2920) in the heart of Downtown Tomball.
Less than one mile from Hwy 249 (Tomball Parkway).
Income Producing Commercial Property
Address: 520 West Main Street, Tomball, TX 77375
Leased to DeNovo Coffee Company with a 9 year NNN lease
HCAD Parcel: 1372 0400 10011
Price: $995,000.00
Cap rate per owner: 6.0%
Price per sq. ft.: $814.00 [land only]
Land Acreage: .48 acres
Land sq. ft.: 21,000 sq. ft.
Zoning: OT & MU (Old Town & Mixed Use)
Parking: Adequate
Curb Cuts: 1 - FM 2920 (Main Street)
1 - N Magnolia Street
**Seller Prefers All Cash or 1031 Exchange Buyer**
Located on Main St (FM 2920) in the heart of Downtown Tomball.
Less than one mile from Hwy 249 (Tomball Parkway).
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
609 SF
Year Built
2016
Price
$995,000
Price Per SF
$1,633.83
Cap Rate
6%
NOI
$59,700
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.48 AC
Zoning
Commercial - Zoning: OT & MU (Old Town & Mixed Use)
Commercial / Building Type: Restaurant Fast Food
Parking
5 Spaces (8.21 Spaces per 1,000 SF Leased)
Frontage
150’ on F. M. 2920 / W. Main St.
AMENITIES
- Drive Thru
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1372040010001 | Improvements Assessment | $203,555 |
| Land Assessment | $168,000 | Total Assessment | $371,555 |
PROPERTY TAXES
Parcel Number
1372040010001
Land Assessment
$168,000
Improvements Assessment
$203,555
Total Assessment
$371,555
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520 W Main St
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