For Sale
$720,800

3333 Red Bluff Rd Pasadena, TX 77503

NNN Lease, Corporate Guaranteed, High ROI

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
Exceptional investment opportunity: a fee-simple, 3,789 square foot convenience store/QSR/Storefront in Pasadena, Texas (77503), located at 3333 Red Bluff Rd, on a 0.41-acre lot. This property boasts a strong net lease (NNN) with a corporate-guaranteed tenant, Select Management Resources (SMR), a significant player in the title loan industry with over 425 locations nationwide. The current lease, commencing October 1, 2024, and expiring October 1, 2044, features a 20-year term with a built-in 3% annual rent increase, ensuring consistent income growth. The property currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $45,050, resulting in an attractive 6.25% cap rate. The asking price is $720,800. This is a passive income investment with no landlord responsibilities beyond collecting rent

Highlights

  • Exceptional investment opportunity: Fee-simple, 3,789 SF convenience store/QSR/Storefront in Pasadena, TX (77503) for $720,800.
  • 20-year NNN lease with 3% annual rent increases, starting October 1, 2024.
  • Projected 7.60% return on investment after five years.
  • Corporate-guaranteed tenant (SMR) with 425+ locations nationwide.
  • Passive income investment with no landlord responsibilities.

Property Details for 3333 Red Bluff Rd

Property type
Retail properties, Retail space
Square Feet
3,789 SF
Lot Size (sq. ft)
17,860 SF

Location Insight

City
Pasadena
County
Harris
State
Texas
Latitude
29.6894549
Longitude
-95.1636896

FAQs

What type of property is this?
Retail property - NNN Lease, Corporate Guaranteed, High ROI
Where is the retail property located?
The property is located at 3333 Red Bluff Rd Pasadena, TX.
What is the asking price?
The asking price for this property is $720,800.
What are key features of this property?
This property features: Exceptional investment opportunity: Fee-simple, 3,789 SF convenience store/QSR/Storefront in Pasadena, TX (77503) for $720,800.; 20-year NNN lease with 3% annual rent increases, starting October 1, 2024.; Projected 7.60% return on investment after five years.
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3333 Red Bluff Rd
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