Swig (the “Property”) is a newly constructed freestanding retail building located on Bay Area Boulevard in Houston, Texas. The Property is situated as an outparcel within University Plaza, a shopping center that includes national/regional tenants such as Goodwill and Dollar Tree among others. This location offers excellent visibility, strong traffic counts, and synergy with surrounding retailers.
The building comprises approximately 665 square feet and is 100% leased to Swig Drinks, a rapidly expanding beverage concept known for its unique menu and growing customer base. The tenant operates under a 15-year triple net lease, providing passive income with minimal landlord responsibility. The lease includes fixed rental increases of 10% every five years during the primary term and each of the three additional five-year renewal options, ensuring long-term stability and income growth.
According to Placer.ai, this Swig location is ranked as the fifth most visited in Texas and is in the top 40 percent of Swig stores nationwide. This performance reflects strong brand recognition and customer engagement. This offering represents a compelling opportunity to acquire a stabilized single tenant retail asset with a long-term lease in place, backed by a dynamic and growing national operator.