1603 Spencer Hwy - Supermarket FOR SALE
South Houston, TX 77587 |
1603 Spencer Hwy
South Houston, TX 77587
HIGHLIGHTS
- 22 Years of Historical Occupancy | 12 Years of Remaining Term
- NNN Lease with Minimal Landlord Responsibilities | Replaceable Rents Provide Low Downside Risk for Investors
- 10% Rent Escalations Every Five Years | Four (4) 5-Year Renewal Options
- Located at a signalized intersection, Fiesta bene?ts from exposure to 61,000 vehicles per day and seven (7) ingress/egress points
- Marketed as a “Hispanic-focused supermarket”, Fiesta caters to an immediate area population that is more than 85% Hispanic
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Fiesta Mart
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
TOTAL BUILDING SIZE
76972
STORIES
1
YEAR BUILT
1982
SPRINKLERS
-
PARKING SPACES
400
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
0341930000119
