8650 Grand Mission Blvd | Richmond, TX 77407
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- LoopNet Team
8650 Grand Mission Blvd
Richmond, TX 77407
Valero | 15yr NNN | 6.75% Cap Rate · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- High Traffic Area: Situated on Grand Mission Blvd, the property benefits from significant vehicular traffic, enhancing visibility and customer influx
- Both Tenants Will Be Guaranteed by the Same Experienced Operator Who Will Continue to Run the Businesses
- Proximity to Houston: Richmond is part of the Houston metropolitan area, benefiting from the economic strength of one of the largest cities in the US
- Diverse Revenue Streams: Backed by a Single High-Net-Worth Operator With a Personal Guaranty
- Brand-New 15-Year NNN Leases With 10% Increases Every 5 Years
- Exceptional Location: 3-Mile Population Exceeds 123,000 With Over 4% Annual Growth
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
6,509 SF
Building Class
C
Year Built/Renovated
2011/2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.25 AC
AMENITIES
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 0367-00-000-0519-907 | Improvements Assessment | $1,862,090 |
| Land Assessment | $572,125 | Total Assessment | $2,434,215 |
PROPERTY TAXES
Parcel Number
0367-00-000-0519-907
Land Assessment
$572,125
Improvements Assessment
$1,862,090
Total Assessment
$2,434,215
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