3800 Washington Ave - Fast Food FOR SALE


Houston, TX 77007- Washington Ave
$11,625,000 USD
949-350-5431
3800 Washington Ave, Houston, TX for Sale
$11,625,000 USD
Fast Food - FOR SALE
1/7
null | 4% Cap Rate

3800 Washington Ave
Houston, TX 77007
Washington Ave


HIGHLIGHTS

  • Brand New Prototype Chick-fil-A with Rare 3-Lane Drive-Thru
  • Brand New Construction, 15-Year Ground Lease
  • Located on the Corner of Two Signalized Intersections and Surrounded by Three Streets

OVERVIEW

--Prime Retail Location -A True Trophy-Level Property Located Only 2 Miles from Downtown Houston -Located One Block Away from Walmart and H-E-B -Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as Target, Sprouts, The Home Depot, Kroger, PetSmart and Many More -Affluent Area with the Average Household Income Exceeding $151,000 Within 1 Mile -Extremely High Density with Over 204,000 Residents Within 3 Miles -High Employment Area with a Daytime Population Exceeding 1,000,000 Within 5 Miles --Strong Corporate Guarantee -Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market -Chick-fil-A Annual Sales Revenue in 2024 was $22.7 Billion -Chick-fil-A is Ranked as the #1 Performing Chicken Restaurant in the Country -Scheduled 10% Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation Broker of Record: Tim Speck – License: #9002994 – 5001 Spring Valley Road, Suite 1100W, Dallas, TX 75244

FOR SALE DETAILS

PRICE

$11,625,000 USD

PRICE/SF

$5,065 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick Fil A

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ron DuongMarcus & MillichapMore Info
949-350-5431

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Ron DuongMarcus & MillichapMore Info
949-350-5431

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