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.