NEC Madera Parkway & Woodland Hills Drive Run - Auto Dealership FOR SALE


Atascocita, TX 77346
$2,190,000 USD
949-506-2009
NEC Madera Parkway & Woodland Hills Drive Run, Atascocita, TX for Sale
$2,190,000 USD
Auto Dealership - FOR SALE
1/11

NEC Madera Parkway & Woodland Hills Drive Run
Atascocita, TX 77346


HIGHLIGHTS

  • Brand New 15-Year NNN Ground Lease | 10% Every 5 Years
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Part of The Market at The Groves Development | H-E-B Anchored Center
  • Strategic Houston MSA Location | Strong Traffic Drivers
  • Strong Demographics and Daytime Population in 5-Mile Trade Area
  • Proximity to $6.5B Generation Park Development & IAH Airport (George Bush International)

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Valvoline investment property located in Humble, Texas. The tenant, Valvoline LLC recently signed a brand new 15 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$2,190,000 USD

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Valvoline | Abs NNN Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

Commercial

APN/PARCEL ID

1473590010002

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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