1605 E Washington Ave - Retail FOR SALE


Navasota, TX 77868
$2,191,304 USD
310-909-2374
1605 E Washington Ave, Navasota, TX for Sale
$2,191,304 USD
Retail - FOR SALE
1/6
null | 5.75% Cap Rate

1605 E Washington Ave
Navasota, TX 77868


HIGHLIGHTS

  • Located Across From a Walmart and GMC Dealership, Just Off of the Heavily Trafficked N Highway 6 Loop, Which Sees Sees About 32,100 Vehicles per Day
  • Brand New 20-Year NNN Lease to Commence at Close of Escrow
  • Attractive Rental Increases | 2% Annually, Including Option Periods | 4, 5-year lesase options bringing the potential lease term to 40 years
  • With Over 19,000 Locations in More Than 100 Countries, Burger King Is One of the Largest Fast-Food Chains in the World, Only Behind McDonald’s in Size
  • Many Local Surrounding Retailers Such As Walmart, Several Dealerships, Subway, Squeaky Clean Xpress Wash, Days Inn, Popeyes, Sonic, Shell, Chevron

OVERVIEW

This property consists of a prime location directly across from a Walmart and a GMC dealership, just off the busy N Highway 6 Loop, which sees approximately 32,100 vehicles daily. Positioned one block from St. Joseph Hospital, Navasota High School, John C. Webb Elementary School, and the Navasota Public Library, it offers excellent accessibility and visibility. The surrounding area features a mix of well-known national and local retailers, including Subway, Sonic, Popeyes, McDonald’s, Squeaky Clean Xpress Wash, Days Inn, and gas stations like Shell and Chevron. As part of the Houston metro area—Texas's largest city and an economic powerhouse—Navasota blends small-town appeal with the benefits of being near a thriving urban center known for its rich sports culture and diverse entertainment options. This offering includes a newly established 20-year NNN lease that will begin upon the close of escrow, making it a fully passive, hands-off investment with no landlord responsibilities. With annual rent increases of 2% and four optional five-year lease extensions, the lease term can extend up to 40 years. The tenant, Kolhorst Foods, LLC, manages 12 Burger King locations in the region. Burger King, one of the world’s leading fast-food chains with over 19,000 locations across more than 100 countries, is famous for its flame-grilled burgers and iconic Whopper sandwich. Supported by Navasota’s recent population growth, new infrastructure, and community development, this property represents a reliable and attractive investment opportunity.

FOR SALE DETAILS

PRICE

$2,191,304 USD

PRICE/SF

$546 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King | New 20YR NNN Lease | 5.75% Cap

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

-

APN/PARCEL ID

R25745

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
310-909-2374

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Tyler BindiMarcus & MillichapMore Info
310-909-2374

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