$2,427,000 USD
650-678-7200
12650 Texas 249
Houston, TX 77086
Brookhollow/Inwood
HIGHLIGHTS
- Brand-new 15-year absolute net ground lease featuring 10% rental increases every 5 years
- Corporate guaranty from tenant’s parent company
- Pad to top performing Kroger location – top 3% of grocery stores nationwide in terms of annual visits (per Placer.ai)
- Significant visibility on signalized hard corner intersection – 41,000+ VPD
- Dense residential trade area – 319,000+ residents within a 5-mile radius of the subject property
- Low rent relative to other new construction Mavis comps which are $165-175K+
FOR SALE DETAILS
PRICE
$2,427,000 USD
PRICE/SF
$837 USD /SF
CAP RATE
5.15%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Mavis
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
1.07 AC
LAND SF
46,609 SF
ZONING
C
APN/PARCEL ID
1222010010049
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650-678-7200
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650-678-7200
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