713-231-1640
5275 Buffalo Speedway, Houston, TX for Sale
Bank - FOR SALE
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5275 Buffalo Speedway
Houston, TX 77005
West University Place


HIGHLIGHTS

  • Approx. 37 years remain on 60 year lease including options

OVERVIEW

- ±5.054-acre H-E-B ground lease investment opportunity located at 5275 Buffalo Speedway in Houston’s premier Upper Kirby / West University submarket. - Strategic corner location at Buffalo Speedway and Bissonnet Street, providing exceptional visibility, accessibility, and frontage along two major thoroughfares. - Fee simple ownership interest offering the leased-fee position, ground rent income stream, and future reversionary rights to all improvements. - Long-term H-E-B ground lease with approximately 37 years of remaining term, including extension options through November 2063. - Absolute NNN lease structure with zero landlord responsibilities for operating expenses, maintenance, or capital expenditures. - Corporate lease guaranty by H-E-B Grocery Company, LP, one of Texas’ leading privately held grocery retailers. - Current annual ground rent of $824,147 with scheduled rental increases every five years during extension periods. - Surrounded by Houston’s most affluent neighborhoods, including River Oaks and West University Place, with an average home value exceeding $1.85 million. - Dense and affluent consumer base with average household incomes of $193,539 within a 2-mile radius and $140,851 within a 5-mile radius. - Located near major employment and lifestyle destinations including Rice Village, Downtown Houston, the Texas Medical Center, and the Museum District. - Positioned within a highly active mixed-use corridor near The RO, a future 17-acre development featuring luxury residential, hospitality, office, and retail components. - Strong traffic exposure with approximately 20,821 vehicles per day on Buffalo Speedway and 13,740 vehicles per day on Bissonnet Street.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

HEB Buffalo Speedway

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

-

APN/PARCEL ID

1311360010003

ASK ABOUT THIS PROPERTY

Jeff PedenTranswestern Real Estate ServicesMore Info
713-231-1640

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Jeff PedenTranswestern Real Estate ServicesMore Info
713-231-1640

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