1211 Northpark Dr - Freestanding FOR SALE


Kingwood, TX 77339
$6,360,000 USD
650-678-7200
1211 Northpark Dr, Kingwood, TX for Sale
$6,360,000 USD
Freestanding - FOR SALE
1/4
null | 6.3% Cap Rate

1211 Northpark Dr
Kingwood, TX 77339


HIGHLIGHTS

  • 8+ years remaining on absolute net lease featuring 10% rental increases every 5 years providing investors a hedge against inflation
  • Full-term corporate guaranty from CH Hold Corp. (Caliber Collision) – the largest collision repair provider in the U.S. with 1,800+ locations across 4
  • Internet & recession resistant industry – consumers defer new vehicle purchases during economic downturns and instead spend on maintenance/repairs
  • Affluent Houston submarket – $134,000 average household incomes within a 5-mile radius of the subject property
  • Dense residential trade area – 128,000 residents within a 5-mile radius of the subject property
  • Situated along Northpark Drive – the main East/West thoroughfare in the trade area that features direct access to I-69/US 59 (99,000 VPD)

OVERVIEW

Over 8 years remain on this corporate lease featuring 10% rental increases every 5 years and an absolute net lease structure requiring zero landlord expense or maintenance obligations. The lease is guaranteed by CH Hold Corp. – one of the main operating entities for Caliber Collision, the largest collision repair provider in the country – and lasts through the full term of the lease, including all options/extensions. Situated along Northpark Drive, the subject property offers high-profile standalone visibility on one of Kingwood’s most heavily traveled commercial corridors (32,500 VPD), with direct access to I-69/US 59 (99,000 VPD).

FOR SALE DETAILS

PRICE

$6,360,000 USD

PRICE/SF

$480 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sun Auto

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,211 SF

ZONING

-

APN/PARCEL ID

9762-00-00104

ASK ABOUT THIS PROPERTY

John AndreiniCP Partners CREMore Info
650-678-7200

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John AndreiniCP Partners CREMore Info
650-678-7200

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