2413 Bay Area Blvd - Fast Food FOR SALE


Houston, TX 77058- Clear Lake
$1,217,391 USD
214-392-3787
2413 Bay Area Blvd, Houston, TX for Sale
$1,217,391 USD
Fast Food - FOR SALE
1/9
null | 5.75% Cap Rate

2413 Bay Area Blvd
Houston, TX 77058
Clear Lake


HIGHLIGHTS

  • Long-Term, Corporate-Backed Absolute NNN Lease: The Savory Fund corporate guarantee provides strong credit support over the full 15-year term
  • Structured Rent Escalations: Built-in 10% rent increases every 5 years (including extension periods)
  • Strategic, High-Traffic Location: Bay Area Blvd frontage with ±28,000 VPD, near major retail and employment hubs
  • Fully Passive Ownership Profile: As a ground-leased, triple net leased asset with a corporate operator, minimal landlord involvement is required
  • Regional Demand Drivers & Commercial Density: Anchored by NASA Johnson Space Center, UHCL, and healthcare and aerospace employers

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,217,391 USD

PRICE/SF

$1,847 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Swig

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

-

APN/PARCEL ID

1347690010001

ASK ABOUT THIS PROPERTY

Brandon BeesonEDGE Capital MarketsMore Info
214-392-3787

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Brandon BeesonEDGE Capital MarketsMore Info
214-392-3787

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