NEC W Loop S - Retail FOR SALE


Houston, TX 77096
$7,369,000 USD
415-852-5177
NEC W Loop S, Houston, TX for Sale
$7,369,000 USD
Retail - FOR SALE
1/8
null | 4.75% Cap Rate

NEC W Loop S
Houston, TX 77096


HIGHLIGHTS

  • New 15-year absolute NNN lease with 10% rental increases in initial term and option periods
  • No landlord management, an ideal opportunity for passive investors
  • Shake Shack (NYSE: SHAK) has 530+ locations in 20+ countries, including 329 in the U.S.
  • In fiscal year 2024, the company reported $1.25 billion in total revenue, marking a 15.2% increase over the previous year

OVERVIEW

This Shake Shack is prominently positioned just off Interstate 610, which sees over 213,000 vehicles travel along it daily. The restaurant occupies a prime location within the newly constructed Meyerland Crossing Shopping Center, a five-acre retail development at the epicenter of Meyerland, TX. The site benefits from its close proximity to nearby apartment communities, including The Halstead (301 units), The High Bank (284 units), and The Meritage (240 units), providing a reliable customer base. Within five miles of the restaurant are several major schools—Bellaire High School, Rice University, Houston Christian University, and Baylor College of Medicine—bringing consistent traffic from more than 16,500 students. The location is also near key hospitals, including Memorial Hermann Southwest Hospital, the Texas Medical Center, and the Michael E. DeBakey VA Medical Center, which serve as another source of steady traffic. The area has excellent demographics, with nearly 500,000 residents living within a five-mile radius and an average annual household income exceeding $230,000 within one mile. Situated in the heart of one of the strongest retail trade areas in the Houston MSA, this Shake Shack is less than 10 miles from Downtown Houston, making it a high-growth, highly visible market.

FOR SALE DETAILS

PRICE

$7,369,000 USD

PRICE/SF

$2,456 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shake Shack

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

-

APN/PARCEL ID

0992420000003

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-852-5177

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Michael YurasCushman & WakefieldMore Info
415-852-5177

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