HIGHLIGHTS
- Absolute Net Ground Lease (Zero Landlord Responsibilities) - 2% Annual Rental Increases throughout the Initial Term and 10% throughout the Options.
- Tenant Recently Invested $2.4 Million in Building Improvements prior to Opening. Strong Daytime Population.
- Prime Frontage along US-59 / I-69 with Excellent Visibility and Direct Access, positioned within one of Houston’s Primary Commuter Corridors.
- Located within the Dense Gulfton / Sharpstown Submarket, one of Houston’s most Populated Trade Areas.
- El Muelle Seafood is a Growing Houston based Restaurant Concept with Multiple Locations, offering a High Volume Dining Experience.
- Strategically positioned near Hillcroft Avenue and Bellaire Boulevard, two Major Commercial Corridors known for High Traffic Counts.
OVERVIEW
El Muelle Seafood | Absolute NNN Ground Lease | 2% Annual Increases | High Volume, Proven Concept in Newly Renovated Building - Tenant Invested $2.4M | Extremely Dense Houston Location Just Off Interstate 69 | Established Customer Base | Near Major Corridors | Strong Retail Concentration | PlazaAmericas Proximity | Strong Daytime Population | Beltway 8 Access
FOR SALE DETAILS
PRICE
$4,808,963 USD
PRICE/SF
$716 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
EL MUELLE SEAFOOD | NNN GL | 2% INCREASES
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1979
SPRINKLERS
-
PARKING SPACES
45
LAND DETAILS
CROSS STREETS
Westpark
LAND ACRES
1.31 AC
LAND SF
57,194 SF
ZONING
F1
APN/PARCEL ID
0901680000003
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858-373-3184
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858-373-3184
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