10311 Interstate 45 N - Retail FOR SALE


Houston, TX 77037- Greater Greenspoint
$9,237,000 USD
480-221-4221
10311 Interstate 45 N, Houston, TX for Sale
$9,237,000 USD
Retail - FOR SALE
1/9
null | 6.25% Cap Rate

10311 Interstate 45 N
Houston, TX 77037
Greater Greenspoint


HIGHLIGHTS

  • New 10-Year Lease | Corporate Guaranty | Options To Extend | Scheduled Rental Increases | July 2026 Grand Opening
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Part of Greens Landing Shopping Center | I-45 (271,900 VPD) |Aldine Senior High School (2,500+ Students)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Burlington investment property located in Houston, Texas. The tenant, Burlington, recently signed a brand new 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features rental increases in year 6 and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$9,237,000 USD

PRICE/SF

$303 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burlington | New 10yr Corp NN w/ Increases

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

93

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

-

APN/PARCEL ID

1173810000001

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.