2626 West Loop South - Freestanding FOR SALE


Houston, TX 77056- Uptown Houston
$6,696,000 USD
480-221-4221
2626 West Loop South, Houston, TX for Sale
$6,696,000 USD
Freestanding - FOR SALE
1/6
null | 5.75% Cap Rate

2626 West Loop South
Houston, TX 77056
Uptown Houston


HIGHLIGHTS

  • 10+ Years Remaining | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Adjacent To The Galleria | Retail Corridor | I-610 (203,500 VPD) |Strong National/Credit Tenant Presence
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• The tenant has 10+ years remaining on its lease with 2 (5-year) options to extend, demonstrating their commitment to the site • The lease features 10% rental increases every 5 years of the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$6,696,000 USD

PRICE/SF

$3,141 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Velvet Taco | 10+yrs Corp Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

Commercial

APN/PARCEL ID

1503900010001

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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