2620 W Sam Houston Pky S - Storefront FOR SALE
Houston, TX 77042 |
$3,441,604 USD
512-361-2143
2620 W Sam Houston Pky S
Houston, TX 77042
HIGHLIGHTS
- CORE ASSET: Located along Sam Houston Parkway in close proximity to intersection of Westheimer Road which sees traffic counts in total of ±63,000 VPD.
- DUAL CORPORATE GUARANTE: Tenant mix includes two corporate guaranteed operations between Black Rock Coffee Bar a high growth brand with 144+ locations
- HEDGE AGAINST INFLATION: Robust leases across all tenants provide a significant hedge against inflation with 2 tenants subject to 3% annual increases
- LONG-TERM LEASES: Current weighted average lease term across all tenants of 6.80 years with each having two, five-year renewal options.
- LOCAL EDUCATION: Walnut Bend Elementary School 0.67 mi – Grace School 0.24 mi – Ascension Episcopal School 0.27 mi
- DEMOGRAPHICS: Strong population base with current totals within one, two, and three mile radii of 22,676 – 192,197 – 563,346.
FOR SALE DETAILS
PRICE
$3,441,604 USD
PRICE/SF
$748 USD /SF
CAP RATE
7.01%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CITYWEST SQAURE
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Fast Food, Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
1173220010006
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512-361-2143
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512-361-2143
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