For Sale
$3,975,000

9060 Highway 6Missouri City, TX 77459

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a brand-new, 2024-constructed 5,480 square foot Sun Auto retail building situated on a 0.693-acre lot in Missouri City, Texas. Located at 9060 Hwy 6, this property benefits from a prime location at the entrance to the 10,000+ acre Sienna master-planned community, boasting over 78,000 residents and an average household income exceeding $106,000 within a 3-mile radius. The property is part of a thriving retail area anchored by major brands including H-E-B, Walmart, Aldi, and several fitness centers and banks. High traffic counts on Highway 6 (46,000+ vehicles daily) ensure excellent visibility and accessibility. The investment features a 20-year absolute NNN lease with a strong national tenant, Sun Auto Tire & Service, operating over 430 locations nationwide. The lease includes 1.5% annual rent increases, providing consistent income growth. The asking price is $3,975,000, representing a 5.65% cap rate and a price per square foot of $725.36. The property generates a net operating income (NOI) of $224,605, with 100% occupancy. This is a rare opportunity to acquire a high-performing, low-maintenance investment with significant long-term growth potential. The lease includes four five-year renewal option periods.

Highlights

  • Brand new 2024 construction, 20-year absolute net lease with 1.5% annual rent increases.
  • Sun Auto Tire & Service, a national tenant with over 430 locations, occupies the property.
  • Backed by Leonard Green & Partners, a major private equity firm with $75 billion AUM.
  • Tenant provides robust financial reporting.
  • Located at the entrance to Sienna, a 10,000+ acre master-planned community with 78,000+ residents and $106,000 average household income within 3 miles.
  • Strong retail location anchored by major national tenants including H-E-B, Walmart, and others.

Property Details for 9060 Highway 6

Property type
Retail properties, Auto shops
Square Feet
5,480 SF
Year Built
2024
Lot Size (sq. ft)
30,187 SF

Location Insight

City
Missouri City
County
Fort Bend
State
Texas
Latitude
29.5386115
Longitude
-95.5332012
9060 Highway 6, Missouri City, Texas

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9060 Highway 6
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