508 S Washington Ave - Fast Food FOR SALE


Cleveland, TX 77327
$1,250,000 USD
949-221-1803
508 S Washington Ave, Cleveland, TX for Sale
$1,250,000 USD
Fast Food - FOR SALE
1/3
null | Request Cap Rate

508 S Washington Ave
Cleveland, TX 77327


HIGHLIGHTS

  • Brand New Construction, Dual Drive-Thru 7 Brew Coffee property in Houston TX MSA
  • Ultra-low rent: 3rd lowest base rent for a 7 Brew Coffee property to be listed in Texas
  • Synergy w/ Walmart Supercenter (2.4M visits per Placer.ai) & HEB-Anchored shopping center (1.3M visits per Placer.ai) along Interstate 69 Freeway
  • Impressive Multi-Brand Franchise Operator (600+ units total)
  • Texas: pro-business & no state income taxes
  • Absolute NNN Ground Lease: ultimate ease of management for investor

OVERVIEW

Faris Lee Investments is pleased to present the opportunity to acquire a brand-new, dual drive-thru 7 Brew Coffee property in Houston TX MSA, with a grand opening expected in June 2026. The asset is secured by a 15-year absolute NNN ground lease featuring 10% rental increases every five years, offering investors a passive, inflation-hedged income stream with zero landlord responsibilities. Strategically positioned along Washington Ave near Interstate 69, the site benefits from strong retail synergy with nearby Walmart Supercenter and HEB-anchored shopping centers that collectively draw over 3.7 million annual visits (Placer.ai). The trade area ranks as one of the strongest-performing QSR markets in Texas, yet there is no existing QSR Coffee competition in proximity. Located within the Houston TX MSA, the #2 fastest-growing major metro in the country, and supported by Texas’ pro-business environment with no state income taxes, this offering represents a premier opportunity to acquire a brand-new, Absolute NNN 7 Brew Coffee investment property in one of Texas’ top metro areas.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$2,451 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,681 SF

ZONING

-

APN/PARCEL ID

004060-000137-007

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.