For Sale
$4,350,000

17111 Tomball Pkwy Houston, TX 77064

High-traffic location, strong tenant, 6.67% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a 6,043 square foot, Class A restaurant property located at 17111 Tomball Pkwy, Houston, TX 77064. The property sits on a 86,435 square foot lot and features a single-story building constructed in 2002 and renovated in 2022. Currently operating under an absolute NNN lease with a credit-rated tenant backed by a corporate guarantee, this investment offers significant advantages. The lease boasts a 10-year term with 8 years remaining, including a 2% annual rental increase. The property generates a substantial Net Operating Income (NOI) of $290,126, resulting in a compelling 6.67% capitalization rate. The tenant, recognized among Houston's top alcohol-selling restaurants, enjoys a prime corner lot location just off Highway 249, ensuring high visibility and accessibility. Recent improvements include a new roof and AC systems. This turnkey investment provides immediate returns and long-term value, offering investors a stable income stream and a lucrative opportunity in a high-demand area. The property's strategic location and strong tenant history make it an ideal addition to any commercial real estate portfolio. The sale is structured as a sale for leaseback.

Highlights

  • Absolute Triple Net (NNN) ground lease; zero landlord responsibilities.
  • 2% annual rental increase.
  • Strong personal and corporate guarantees.
  • New roof and AC systems.
  • 2.5-acre corner lot.
  • Excellent visibility; located near Highway 249 and West Greens Road.

Property Details for 17111 Tomball Pkwy

Property type
Retail properties, Restaurants
Square Feet
6,043 SF
Class
A
Year Built/Renovated
2002/2022
Buildings
1
Stories
1

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.95297328082
Longitude
-95.538676003876

FAQs

What type of property is this?
Retail property - High-traffic location, strong tenant, 6.67% cap rate.
Where is the retail property located?
The property is located at 17111 Tomball Pkwy Houston, TX.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: Absolute Triple Net (NNN) ground lease; zero landlord responsibilities.; 2% annual rental increase.; Strong personal and corporate guarantees.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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17111 Tomball Pkwy
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