A long-standing Taco Bell with 32-year operating history, situated in Houston’s Galleria corridor and surrounded by 229,185 residents within a 3-mile radius.
The original lease was executed in 1993 and most recently amended with a new 20-year term commencing in 2019 featuring 10% rent increases every 5 years
for the remainder of the base term.
The property is positioned along Richmond Ave (38,446 VPD), the site provides convenient access to both Interstate 69 and Interstate 10. The property sits 1.5 miles from the Houston Galleria, Texas’ largest mall at 2.4M SF and within 5 miles of three Fortune 500 HQs, including Westlake (1 mile), Phillips 66 (2.5 miles), and ConocoPhillips (5 miles). It also benefits from average household incomes of $148,492 within a 3-mile radius and its proximity to Houston’s Energy Corridor further strengthens the trade area.