888 W Bay Area Blvd - Restaurant FOR SALE
Webster, TX 77598 |
$5,385,800 USD
866-889-0550
888 W Bay Area Blvd
Webster, TX 77598
HIGHLIGHTS
- Absolute NNN lease with ±13.75 years remaining and 2% annual rent increases.
- Corporate-guaranteed lease by Red Lobster with 545+ locations nationwide.
- High-visibility location with ±37,000 VPD on W Bay Area Blvd and near I-45.
- Affluent area with average household income exceeding $113,000 within 5 miles.
- Proximity to Baybrook Mall, a super-regional center with 200+ retailers.
- Located in Houston MSA, the 5th largest and fastest-growing metro in the U.S.
FOR SALE DETAILS
PRICE
$5,385,800 USD
PRICE/SF
$742 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Red Lobster
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2001
SPRINKLERS
-
PARKING SPACES
110
LAND DETAILS
LAND ACRES
2.23 AC
LAND SF
97,095 SF
ZONING
-
APN/PARCEL ID
0361750000005
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