5724 Hwy 6 & 19825 FwyMissouri City, TX 77459

Property Details for 5724 Hwy 6 & 19825 Fwy

Lot size

1.19 AC

Property size (Sq ft)

3,600 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment offering presents two single-tenant, net-leased properties in Missouri City, Texas, totaling 9,412 net rentable square feet on a 1.19 to 1.36-acre lot. Located at 5724 Hwy 6 & 19825 NW Fwy, this property boasts a prime location within the Riverstone Town Centre, anchored by major national retailers such as Target, Home Depot, Kohl's, Hobby Lobby, and Office Depot. The property comprises two buildings, each one story, housing a PNC Bank and a Chili's Grill & Bar. PNC Bank, established in 1922 and operating nationally, recently renewed its lease for five years with three additional five-year options. Chili's Grill & Bar, a Brinker International brand with extensive experience, occupies the second building and is poised to exercise its fourth five-year lease renewal, commencing March 1, 2025. This presents a strong, stable investment with significant potential for future income growth due to the upcoming lease expiration for Chili's. The asking price is $5,000,000, representing a compelling opportunity in a high-traffic retail center. The combined square footage ranges from 3,600 to 5,812 square feet per building, with 100% occupancy. This investment offers a secure, diversified income stream with established, creditworthy tenants.

Location Insight

City

Missouri City

County

Fort Bend

State

Texas

Latitude

29.5706

Longitude

-95.5697

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