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HEB Buffalo Speedway 5275 Buffalo Speedway 3,708 SF Retail Building Houston, TX 77005 For Sale
Investment Highlights
- Approx. 37 years remain on 60 year lease including options
Executive Summary
- ±5.054-acre H-E-B ground lease investment opportunity located at 5275 Buffalo Speedway in Houston’s premier Upper Kirby / West University submarket.
- Strategic corner location at Buffalo Speedway and Bissonnet Street, providing exceptional visibility, accessibility, and frontage along two major thoroughfares.
- Fee simple ownership interest offering the leased-fee position, ground rent income stream, and future reversionary rights to all improvements.
- Long-term H-E-B ground lease with approximately 37 years of remaining term, including extension options through November 2063.
- Absolute NNN lease structure with zero landlord responsibilities for operating expenses, maintenance, or capital expenditures.
- Corporate lease guaranty by H-E-B Grocery Company, LP, one of Texas’ leading privately held grocery retailers.
- Current annual ground rent of $824,147 with scheduled rental increases every five years during extension periods.
- Surrounded by Houston’s most affluent neighborhoods, including River Oaks and West University Place, with an average home value exceeding $1.85 million.
- Dense and affluent consumer base with average household incomes of $193,539 within a 2-mile radius and $140,851 within a 5-mile radius.
- Located near major employment and lifestyle destinations including Rice Village, Downtown Houston, the Texas Medical Center, and the Museum District.
- Positioned within a highly active mixed-use corridor near The RO, a future 17-acre development featuring luxury residential, hospitality, office, and retail components.
- Strong traffic exposure with approximately 20,821 vehicles per day on Buffalo Speedway and 13,740 vehicles per day on Bissonnet Street.
- Strategic corner location at Buffalo Speedway and Bissonnet Street, providing exceptional visibility, accessibility, and frontage along two major thoroughfares.
- Fee simple ownership interest offering the leased-fee position, ground rent income stream, and future reversionary rights to all improvements.
- Long-term H-E-B ground lease with approximately 37 years of remaining term, including extension options through November 2063.
- Absolute NNN lease structure with zero landlord responsibilities for operating expenses, maintenance, or capital expenditures.
- Corporate lease guaranty by H-E-B Grocery Company, LP, one of Texas’ leading privately held grocery retailers.
- Current annual ground rent of $824,147 with scheduled rental increases every five years during extension periods.
- Surrounded by Houston’s most affluent neighborhoods, including River Oaks and West University Place, with an average home value exceeding $1.85 million.
- Dense and affluent consumer base with average household incomes of $193,539 within a 2-mile radius and $140,851 within a 5-mile radius.
- Located near major employment and lifestyle destinations including Rice Village, Downtown Houston, the Texas Medical Center, and the Museum District.
- Positioned within a highly active mixed-use corridor near The RO, a future 17-acre development featuring luxury residential, hospitality, office, and retail components.
- Strong traffic exposure with approximately 20,821 vehicles per day on Buffalo Speedway and 13,740 vehicles per day on Bissonnet Street.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
3,708 SF
Building Class
B
Year Built
2009
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.53 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- -
- -
- -
PNC traces its history to a Pennsylvania banking franchise that began in the nineteenth century and later became the product of a merger between two Pennsylvania banks in the 1980s. PNC offers retail and business banking, lending products, corporate banking, real estate finance, asset-based lending, wealth management, and asset management. The company serves individuals, small businesses, corporations, and government entities across a broad financial services platform.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | - | - | - |
Exceptionally walkable
90/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1311360010003 | Improvements Assessment | $902,800 |
| Land Assessment | $2,291,200 | Total Assessment | $3,194,000 |
Property Taxes
Parcel Number
1311360010003
Land Assessment
$2,291,200
Improvements Assessment
$902,800
Total Assessment
$3,194,000
Contacts
-
Jeff Peden -
Scott Miller -
Thomas Fish -
Drew Van Norman -
Sherry Johnson -
Transwestern Real Estate Services
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