6310 N Eldridge Pky - Bank FOR SALE


Houston, TX 77041
$3,585,000 USD
972-755-5205
6310 N Eldridge Pky, Houston, TX for Sale
$3,585,000 USD
Bank - FOR SALE
1/4
null | 6.5% Cap Rate

6310 N Eldridge Pky
Houston, TX 77041


HIGHLIGHTS

  • Absolute Net Lease with 3.8 Years Remaining
  • Outparcel To Krogers-Anchored Shopping Center
  • Signalized Hard Corner of North Eldridge Parkway and West Little York Road (Combined Traffic Counts Exceed 66,537 VPD)
  • Dense Residential Population – More Than 261,406 Residents Within a 5-Mile Radius
  • Limited Market Saturation – Only Bank of America Branch Within a 5-Mile Radius and only 5 Total branches in the Zip Code
  • 22-Year Operating History

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Bank of America in Houston, TX. The property consists of a 4,888-square-foot, freestanding building that sits on approximately 0.92 acres of land. There are 3.8 years remaining on the lease with 10% rental increases every 5 years in options.

FOR SALE DETAILS

PRICE

$3,585,000 USD

PRICE/SF

$733 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bank of America

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

None

APN/PARCEL ID

1190390010001

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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