This exceptional investment opportunity presents a brand-new, 2023-constructed 6,880-square-foot Sun Auto retail building situated on a 0.946-acre lot in Tomball, Texas. The property boasts a 20-year absolute NNN lease with a prominent tenant, Sun Auto Tire & Service, a national operator with over 430 locations. The lease features zero landlord responsibilities and built-in annual rent increases of 1.5% throughout the primary term, along with four five-year renewal options. This provides exceptional long-term stability and predictable cash flow. The asking price is $5,004,000, representing a compelling 5.65% cap rate and a NOI of $282,750. The property benefits from its strategic location at the entrance to The Woodlands, a thriving master-planned community with over 114,000 residents and 2,100 businesses, boasting an average household income exceeding $194,417 within a 3-mile radius. This high-growth area has experienced a remarkable 12.47% population increase since 2020. The site enjoys excellent visibility and accessibility, situated in a major retail corridor anchored by significant businesses including H-E-B, Walmart, Walgreens, and Lone Star College. Kuykendahl Road, where the property is located, sees over 25,000 vehicles daily, connecting The Woodlands and Tomball communities. The tenant provides annual and quarterly financial reporting for the parent company, offering further transparency and confidence in this investment. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential.
Highlights
Brand new 2023 construction, 6,880 square foot Sun Auto retail building on a 0.946-acre lot, with a 20-year absolute NNN lease.
Sun Auto Tire & Service, a national operator with over 430 locations, is the tenant.
Leonard Green & Partners, a major private equity firm, is the majority shareholder in Sun Auto.
Tenant provides annual and quarterly financial reporting.
Located at the entrance to The Woodlands, a master-planned community with over 114,000 residents and 2,100 businesses; average household income within 3 miles exceeds $194,417; 12.47% population growth since 2020.
Situated in a major retail corridor anchored by H-E-B, Walmart, Walgreens, and Lone Star College.
Retail property - Tomball, TX: NNN Lease, High ROI
Where is the retail property located?
The property is located at 26810 Kuykendahl Rd Tomball, TX.
What is the asking price?
The asking price for this property is $5,004,000.
What are key features of this property?
This property features: Brand new 2023 construction, 6,880 square foot Sun Auto retail building on a 0.946-acre lot, with a 20-year absolute NNN lease.; Sun Auto Tire & Service, a national operator with over 430 locations, is the tenant.; Leonard Green & Partners, a major private equity firm, is the majority shareholder in Sun Auto.
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Kuykendahl Rd Tomball, TX 77375
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