1720 S Friendswood Dr - Freestanding FOR SALE


Friendswood, TX 77546
$5,500,000 USD
714-349-3547
1720 S Friendswood Dr, Friendswood, TX for Sale
$5,500,000 USD
Freestanding - FOR SALE
1/11
null | Request Cap Rate

1720 S Friendswood Dr
Friendswood, TX 77546


HIGHLIGHTS

  • 10,100 SF NNN Investment Opportunity; 100% Occupied w/ 3 Tenants - Name Brand & Multi Units
  • Newer 2021 Construction Building; Committed Tenancies with Initial Terms between 7 to 10 Years
  • High Traffic Corridor - 29,000 CPD on Parkwood Drive & 17,000 CPD on Friendswood Drive
  • Highly Affluent Area - Over $190K Average HH Income within 1 Mile Radius
  • Adjacent to Prestigious Gated Community of Hunters Creek Estates - Over $1M Home Values
  • Strong Synergistic Neighbors Including: H-E-B Supermarket, Chipotle, Chick-fil-A, McDonald's, Starbucks, Pizza Hut, Popeye's, Taco Bell & More

OVERVIEW

NAI Capital and NAI Robert Lynn, as exclusive advisors to ownership, are proud to present for sale the Friendswood Center. This is a 100% occupied 3-tenant net leased retail investment located in the Houston suburb of Friendswood, Texas. The 2021 construction building is approximately 10,100 square feet and is situated on a 1.14-acre parcel. The lot offers ample parking including 51 parking spaces at a ratio of 5.04 per 1,000. This asset consists of 3 tenants with a great use mix of pet supply, medical and food & beverage establishments. This opportunity offers an investor steady income with remaining initial terms from 3 to 6 years with multiple options in place. All tenants are well known brand names with numbers of locations ranging from 56 to 1,600 stores. The property is located within one of Houston's most desirable suburbs, Friendswood. This affluent community boasts an average annual household income of over $190,000 and home values over $500,000.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$545 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

CSC

APN/PARCEL ID

3486-0000-0002-000

ASK ABOUT THIS PROPERTY

Steve LiuNAI CapitalMore Info
714-349-3547

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Steve LiuNAI CapitalMore Info
714-349-3547

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