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9410 Homestead Rd
Houston, TX 77016
Retail Property For Sale
Investment Highlights
- Great investment potential property, well known restaurant more than twenty years. Stable business, high traffic area of Tidwell and Homestead Rd.
- Lease amount is $6,000 monthly NNN with 3 years remaining with two renewal options.
- Great location, next to a Jack In The Box and across the street from a Walgreens and McDonalds.
Executive Summary
Great investment potential property, well known restaurant for more than twenty years. Stable business, high traffic area near the corner of Tidwell and Homestead Road. Great location, next to a Jack In The Box and across the street from a Walgreens and McDonalds.
The sale price including land and building with NNN lease.
The sale price including land and building with NNN lease.
Property Facts
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
1,800 SF
Building Class
C
Year Built/Renovated
1970/2021
Price
$1,000,000
Price Per SF
$555.56
Cap Rate
7.20%
NOI
$72,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.27 AC
Opportunity Zone
Yes
Zoning
None - Unrestricted
Frontage
104’ on Homestead Road
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 0710290110304 | Improvements Assessment | $238,887 |
| Land Assessment | $103,950 | Total Assessment | $342,837 |
Property Taxes
Parcel Number
0710290110304
Land Assessment
$103,950
Improvements Assessment
$238,887
Total Assessment
$342,837
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