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Calloway's Nursery 6720 Hwy 90 Alt 4,000 SF Retail Building Sugar Land, TX 77478 $5,271,200 ($1,317.80/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Calloway's Nursery With 14.5+ Years Remaining in Primary Term
- 5% Rental Increases Every 5 Years Throughout Primary Term and Options
- Affluent Community Having an Average Household Income of $151K+ Within 5-Mile Radius
- Absolute NNN Lease With Zero Landlord Responsibilities
- Densely Populated 5-Mile Area With 230,000+ Residents and 17.83% Growth Over the Past 10 Years
- Publicly Traded Tenant (OTC: CLWY) with $54M Market Cap, 40 Year Operating History
EXECUTIVE SUMMARY
Calloway's Nursery Located in The Crossing at Telfair, a 28-Acre Mixed-Use Master Planned Development — Including H-E-B, Holiday Inn, Whataburger, Chuy's, Mattress Firm, Jersey Mikes, Two Retail Centers and Telfair Office Park (70 Office Condos).
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Building Class
B
Year Built
2019
Price
$5,271,200
Price Per SF
$1,317.80
Cap Rate
6.25%
NOI
$329,450
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.12 AC
Zoning
F1 - Commercial
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0032-00-000-0354-907 | Improvements Assessment | $1,393,254 |
| Land Assessment | $901,156 | Total Assessment | $2,294,410 |
PROPERTY TAXES
Parcel Number
0032-00-000-0354-907
Land Assessment
$901,156
Improvements Assessment
$1,393,254
Total Assessment
$2,294,410
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Calloway's Nursery | 6720 Hwy 90 Alt
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