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.