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Off Market
1/6

6125 E Sam Houston Pky N
Houston, TX 77049


HIGHLIGHTS

  • 100% Leased Two-Tenant Retail Asset | New Long-Term Leases with Scheduled Rental Increases
  • Mod Pizza is a Corporate Operated Unit | Freddy’s is Owned and Operated by 17-Unit Sole Franchisee, with Plans for Expansion to 30+ Units
  • High-Traffic Location in Dense Retail Corridor | Excellent Access and Visibility to 98,000 Vehicles Per Day
  • Outparcel to 40-Acre Power Center Anchored by Lowe’s | Within Walking Distance of 4,641-Student High School and 10,043-Student College
  • Surrounded by Dense, Rapidly Growing Residential Neighborhoods | 165,668 Residents Within Five Miles
  • New 2019 Construction Featuring Dedicated Drive-Thru

OVERVIEW

The property is prominently located on Beltway 8, with excellent visibility and access to 98,000 vehicles per day in front of the property. The property is outparcel to New Forest Crossing, a 40-acre power center featuring more than 40 shops, eateries, and department stores, including Lowe’s, Ross, Big Lots, PetSmart, Buffalo Wild Wings, CVS, Bank of America, Rainbow, and many others. New Forest Crossing has nearly 100% occupancy and is located in a dense retail area. Notable tenants in the nearby area include Walmart Supercenter, JCPenney, Best Buy, Chick-fil-A, Marshalls, Men’s Wearhouse, Staples, and more. The property is centrally located near large schools and growing residential neighborhoods. Both North Shore Senior High School, with 4,641 students, and San Jacinto College North Campus, with 10,043 students, are both within walking distance of the property. The property is also supported by a strong residential customer base. Currently, 165,668 residents live within five miles of the property. The neighborhoods near the property have experienced rapid growth, with the population within one-, three-, and five-mile radii growing approximately 20% between 2010 and 2019. Additionally, the population is expected to continue to increase in the area; the population within a one-mile radius is expected to grow more than 10% by 2024.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

2-Tenant LongTerm Houston Asset | 98k VPD

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

5950

STORIES

1

YEAR BUILT

2019

SPRINKLERS

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PARKING SPACES

44

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

1224310010008