1701 W 15th St - Freestanding FOR SALE


Houston, TX 77008- Greater Heights
$950,000 USD
832-752-6155
1701 W 15th St, Houston, TX for Sale
$950,000 USD
Freestanding - FOR SALE
1/7
null | 6.74% Cap Rate

1701 W 15th St
Houston, TX 77008
Greater Heights


HIGHLIGHTS

  • $64,020 Annual NOI – $5,335/month on NNN lease, 5+ Years Remaining – Lease runs through Feb 2031, Demographics: $176K avg. HH income within 3 miles
  • No Escalations, No Renewal Options – Fixed income with clean exit path, Fully Renovated in 2020 – New roof, ceilings, and HVAC (under warranty)
  • High-Traffic Location – 21,000 VPD on Durham Dr; Walk Score 88, Desirable Infill Submarket – Houston Heights; strong demographics & 3% vacancy
  • Passive Investment – Landlord responsible only for roof & structure

OVERVIEW

NNN Retail Investment in the Houston Heights | 1701 W 15th St Fully stabilized, turnkey retail asset leased to Fluff Bake Bar—an award-winning local bakery with a 10+ year operating history. The tenant exercised their option and signed a 5-year Triple Net (NNN) lease through February 2031, generating $64,020 annual NOI with exterior roof and foundation landlord responsibilities and no further renewal options. The ±1,700 SF building was fully renovated in 2020 with a new roof, HVAC (under warranty), and modern interior improvements. Situated on a ±5,000 SF lot with 12 surface parking spaces, the property benefits from strong visibility off Durham Dr (21,000 VPD) and excellent walkability in one of Houston’s top retail submarkets. Key Notes: $5,335/month NNN income 5+ years remaining on current lease (through 2/28/2031) NNN – tenant covers all operating expenses except exterior maintenance (roof and foundation) No rent bumps or renewals remaining – clean exit or upside opportunity Renovated in 2020 – minimal CapEx exposure Surrounded by dense rooftops, affluent demographics, and 3% vacancy A rare infill opportunity combining durable cash flow and long-term repositioning potential in the highly desirable Houston Heights.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$707 USD /SF

CAP RATE

6.74%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fluff Bake Bar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,000 SF

ZONING

-

APN/PARCEL ID

0391060000045

ASK ABOUT THIS PROPERTY

D. J. HaleOxford PartnersMore Info
832-752-6155

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D. J. HaleOxford PartnersMore Info
832-752-6155

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