8215 Louetta Rd
Spring, TX 77379
Hat Creek Burger - Strong Operator - Top MSA · Retail Property For Sale

INVESTMENT HIGHLIGHTS: Absolute NNN Lease with Increases The tenant operates under an absolute NNN lease and pays for CAM, taxes, insurance, maintenance, repairs, and replacement to the building. The property is an ideal investment for a passive investor or out-of-state investor that is looking for a great lease in a great market. There are scheduled 1.50% annual increases for the life of the lease, which helps to build and preserve equity/hedge against inflation. Average return of 7.40% over the life of the lease. Brand New Construction with Drive-Thru The building has a drive-thru and ±1,500 SF climate-controlled patio with the option for full enclosure. The property’s construction was recently completed and is the newest prototype for Hat Creek Burger Company with state-of-the-art construction while still providing the family friendly feel that customers have grown to love. Strategically located a few blocks from Klein High School (over 4,000 students) and an H-E-B anchored shopping center with major national tenants such as LA Fitness, Walgreens, Wells Fargo, O’Reilly Auto Parts, Starbucks, T-Mobile, Bank of America, Smoothie King, Spec’s, Chase, The UPS Store, Verizon, and more • Next door to the Champion Forest Shopping Center, anchored by Fitness Connection • Less than 2 miles from a Whole Foods anchored shopping center and an Aldi • About 2 miles from the newly built Klein Cain High School, which enrolls ±2,400 students • Superb visibility to over 71,000 VPD off Louetta Rd Huge Population Growth - Over 16% since 2010 within the 3-mile radius and over 20% within the 5-mile radius. • Growth trends expected to continue by more 6%+ in the next 5 years for the 1, 3, and 5-mile radius. • The city of Spring borders Houston, which is the largest city by population in TX and fourth largest city by population in the United States • The greater Houston area has been on and continues to be on a population tear driven by huge economic growth. Houston is second to New York in Fortune 500 headquarters. • Very Affluent Trade Area: the average household income exceeds $150,000 within the 1-mile radius and $116,000 within the 3-mile