5701 Washington Ave - Freestanding FOR SALE


Houston, TX 77007- Rice Military
$4,468,000 USD
832-641-4270
5701 Washington Ave, Houston, TX for Sale
$4,468,000 USD
Freestanding - FOR SALE
1/4
null | 7.25% Cap Rate

5701 Washington Ave
Houston, TX 77007
Rice Military


HIGHLIGHTS

  • PRICE REDUCED

OVERVIEW

The Blue Ox Group is pleased to offer the opportunity to acquire an absolute NNN inner-loop investment property in Houston, TX. The tenant, Rain HTX, recently signed a brand new 7 year lease with 1, 5-year option period, demonstrating their commitment to the site. The lease features annual rental increases throughout the initial term. This attractive rent structure and steadily growing NOI hedges against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment.

FOR SALE DETAILS

PRICE

$4,468,000 USD

PRICE/SF

$644 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

RAIN HTX | NNN Investment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

None

APN/PARCEL ID

1323920010001

ASK ABOUT THIS PROPERTY

Joe Foty, CCIMThe Blue Ox GroupMore Info
832-641-4270

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Joe Foty, CCIMThe Blue Ox GroupMore Info
832-641-4270

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