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.