8215 Louetta Rd | Spring, TX 77379
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- LoopNet Team
8215 Louetta Rd
Spring, TX 77379
New Hat Creek Burger | 20-Yr NNN | Houston · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease with Increases
- 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
- Seller Hold Back - Seller willing to hold back 1 year of rent in escrow after closing
- 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.
- Drive-Thru Increase - A silver lining with Covid-19 has been a strong increase in the drive-thru sales which tenant feels confident will continue
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
4,447 SF
Building Class
B
Year Built
2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.37 AC
Parking
40 Spaces (8 Spaces per 1,000 SF Leased)
ABOUT 8215 LOUETTA RD , SPRING, TX 77379
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.
PROPERTY TAXES
| Parcel Number | 1409540010001 | Improvements Assessment | $1,524,776 |
| Land Assessment | $740,070 | Total Assessment | $2,264,846 |
PROPERTY TAXES
Parcel Number
1409540010001
Land Assessment
$740,070
Improvements Assessment
$1,524,776
Total Assessment
$2,264,846
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