520 W Main St - Freestanding FOR SALE


Tomball, TX 77375
$999,900 USD
281-746-1512
520 W Main St, Tomball, TX for Sale
$999,900 USD
Freestanding - FOR SALE
1/10
null | 6% Cap Rate

520 W Main St
Tomball, TX 77375


HIGHLIGHTS

  • For sale, a recently built DeNovo Coffee drive-thru/pickup in Tomball, TX (Houston-MSA).
  • 10% rental increases every five years in initial term and option periods
  • Nestled in Downtown Tomball along F. M. 2920 / W. Main Street attracts an impressive daily traffic count, with 22,000 cars passing.
  • The building is a 609 square feet drive through facility of which operations commenced for during Q3 of 2017.
  • Demographics in the trade area are very strong: the 3-mile average household income is $117,235.
  • Offer for sale, the fee simple interest in a recently built DeNovo Coffee drive-thru/pickup located in Tomball, Texas.

OVERVIEW

Cross Capital Realty is pleased to offer for sale, a recently built DeNovo Coffee drive-thru/pickup (the “property”) located in Tomball, Texas (Houston-MSA). DeNovo Coffee operates a triple net lease structure that features ten years of primary lease term, ten percent (10%) rental increases every five years, minimal landlord responsibilities, and one 5-year renewal options. This offering presents the great opportunity to acquire a drive-thru/ pickup asset within the well established community of Downtown Tomball, and growing retail corridor located with excellent access and visibility along F. M. 2920 / W. Main Street (22,000 VPD) that occupies 150 feet of frontage and quick access to Hwy 249. The property occupies a 0.4821-acre site and currently leased to DeNovo Coffee, successful occupiers since 2017. Ideally set in a large retail corridor, the property is surrounded by major area employers including, Lone Star College-Tomball and Tomball Independent School District. The site greatly benefits from its proximity less than one mile from HCA Houston Healthcare Tomball. 118,412 residents live within five miles of the property, a 70% increase since 2010, demonstrating Tomball’s rapid growth. Excellent average annual household income of $138,981 within a five-mile radius.

FOR SALE DETAILS

PRICE

$999,900 USD

PRICE/SF

$1,642 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,996 SF

ZONING

Commercial

APN/PARCEL ID

1372040010001

ASK ABOUT THIS PROPERTY

Lawrence CedilloCross Capital RealtyMore Info
281-746-1512

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Lawrence CedilloCross Capital RealtyMore Info
281-746-1512

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