2308 Northpark Dr - Fast Food FOR SALE


Kingwood, TX 77339
$2,090,909 USD
332-345-4222
2308 Northpark Dr, Kingwood, TX for Sale
$2,090,909 USD
Fast Food - FOR SALE
1/2
null | 5.5% Cap Rate

2308 Northpark Dr
Kingwood, TX 77339


HIGHLIGHTS

  • Long-Term 20-Year NNN Sale-Leaseback
  • Strong Corporate Guarantee
  • Absolute Triple Net (NNN) Lease
  • Attractive Annual Rental Increases

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change located at 2308 Northpark Dr, Humble, TX 77339. The site consists of roughly 1,682 rentable square feet of building space on an estimated 1.0-acre parcel of land. This Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $115,000 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$2,090,909 USD

PRICE/SF

$1,243 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

F1

APN/PARCEL ID

1148520000004

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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