3231 Palmer Hwy - Freestanding FOR SALE


Texas City, TX 77590
$1,969,000 USD
949-221-1803
3231 Palmer Hwy, Texas City, TX for Sale
$1,969,000 USD
Freestanding - FOR SALE
1/4
null | 6.55% Cap Rate

3231 Palmer Hwy
Texas City, TX 77590


HIGHLIGHTS

  • Brand New Construction / Grand Opening occurred February 2026
  • Synergy with two adjacent grocery-anchored shopping centers (HEB & Kroger) which combine for approx. 6.7 million visits (per Placer.ai)
  • Location drawing from multiple cities / nearly 180,200 residents within 10-mile radius
  • Fee Simple (Land & Building)
  • Absolute NNN Lease: ultimate ease of management for investor
  • 15-year lease term with 10% rental increases every 5 years

OVERVIEW

TEXAS BROKER OF RECORD ... FRANKEL DEVELOPMENT GROUP INC ... TREC RE License: 9000477 Faris Lee Investments is pleased to present the rare opportunity to acquire the fee simple interest in a brand new, dual drive-thru 7 Brew Coffee property located in the Houston TX MSA. The subject property, which celebrated its Grand Opening in February 2026, is strategically located in the primary commercial corridor of Texas City with adjacent grocery-center and QSR synergies. The offering is secured by a brand-new 15-year Absolute NNN lease featuring 10% rental increases every five years, which will commence at the close of escrow. Fee simple ownership of both land and building allows the investor to capture potential depreciation and cost segregation benefits, and the asset’s zero landlord responsibilities make it an ideal opportunity for a passive or 1031 exchange investor. The subject property is strategically positioned on the primary commercial artery (Palmer Highway) in Texas City and directly adjacent to two (2) grocery-anchored shopping centers. The two grocery-anchored centers combine for over 6.7 million visitors in the last 12 months (per Placer.ai). The surrounding corridor includes Chick-fil-A, McDonald’s, Taco Bell, Starbucks, and more. Retailers and QSR tenants draw customers from multiple cities nearby, thus the trade area boasts nearly 180,200 residents within a 10-mile radius. Located within the Houston TX MSA, the #2 fastest-growing major metro in the country, and backed by Texas’ pro-business environment with no state income taxes, this offering represents a premier opportunity to acquire a brand-new, fee simple, Absolute NNN 7 Brew Coffee investment property in one of Texas’ most strategically positioned markets.

FOR SALE DETAILS

PRICE

$1,969,000 USD

PRICE/SF

$3,861 USD /SF

CAP RATE

6.55%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Brew Coffee DT | 15 Yr Abs NNN | Fee Simple

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

E

APN/PARCEL ID

7053-0003-0012-000

ASK ABOUT THIS PROPERTY

Tyler StraussFaris Lee InvestmentsMore Info
949-221-1803

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Tyler StraussFaris Lee InvestmentsMore Info
949-221-1803

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