10308 Airline Dr Houston, TX 77037

This exceptional investment opportunity presents a 7,200 square foot O'Reilly Auto Parts retail building situated on a 0.85-acre lot in Houston, Texas. Built in 2009, the property boasts a strong 100% occupancy rate with a Net Net lease in place. The asking price is $2,120,000, translating to a price per square foot of $294.44 and a compelling 5.85% cap rate, based on a current Net Operating Income (NOI) of $124,005. The lease features a significant remaining term of over seven years, providing long-term stability and predictable cash flow. The property enjoys excellent visibility and accessibility, with direct frontage on Airline Drive, experiencing over 20,000 vehicles per day. Its strategic location within a densely populated area, boasting over 300,000 residents within a 5-mile radius and 1.1 million within 10 miles, ensures consistent customer traffic. Furthermore, its proximity to Interstate 45 and other major retailers such as Aldi, Chick-fil-A, McDonald's, Academy, and Walmart, enhances its appeal and market position. This investment-grade tenant, rated BBB by Standard & Poor, offers a rare combination of strong performance, secure lease terms, and a prime location, making it an ideal addition to any portfolio. The property address is 10308 Airline Dr, Houston, TX 77037.