HIGHLIGHTS
- Single-Tenant Corporate-Guaranteed Lease with Loan Star
- Lease guaranteed by Wellshire Financial Services, LLC, the operating entity behind Loan Star Title Loans, MoneyMax Title Loans, and LoanMax brands
- Wellshire is part of Select Management Resources, operating 500 title lending locations across 20 states since 1990
- Loan Star, which has operated for 36 years, has 95 locations in Texas, including 54 in the Houston metro area
- Successfully operated at this location since 2007
- Extended lease by 10 years in 2022
OVERVIEW
Single-Tenant Corporate Guaranteed Lease | 6 Years Remaining with One 5-Year Option | Extended Lease by 10 Years in 2022 | #1 Loan Star within a 15-Mile Radius (Placer.ai) | Pad to dd’s Discounts, Dollar General and Local Grocer | Signalized Intersection; 43,000 CPD | 521,500 People in 5-Mile Radius; $82,000 AHHI
FOR SALE DETAILS
PRICE
$2,040,000 USD
PRICE/SF
$729 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Loan Star Loans | Houston, TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1982
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
LAND ACRES
0.41 AC
LAND SF
17,860 SF
ZONING
-
APN/PARCEL ID
0420640000031
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844-585-7674
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