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9902 Gulf Fwy 3,524 SF Retail Building Houston, TX 77034 $1,075,000 ($305.05/SF) 7.75% Cap Rate
EXECUTIVE SUMMARY
Introducing an exceptional investment opportunity: a newly established 5-year lease with a highly successful seafood tenant, who operates two additional locations. This prime site, situated on the feeder of Gulf Freeway, offers significant appreciation potential. It is conveniently located just minutes from Hobby Airport and provides an easy commute to both Galveston and downtown. The tenant is currently finalizing improvements and will be operational shortly.
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PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,524 SF
Building Class
B
Year Built
1984
Price
$1,075,000
Price Per SF
$305.05
Cap Rate
7.75%
NOI
$83,339
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.03 AC
Parking
20 Spaces (5.68 Spaces per 1,000 SF Leased)
Frontage
125’ on Gulf Fwy
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0342030030204 | Improvements Assessment | $432,774 |
| Land Assessment | $450,020 | Total Assessment | $882,794 |
PROPERTY TAXES
Parcel Number
0342030030204
Land Assessment
$450,020
Improvements Assessment
$432,774
Total Assessment
$882,794
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9902 Gulf Fwy
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