6501 Southwest FwyHouston, TX 77074

Property Details for 6501 Southwest Fwy

Year built

1979

Lot size

1.31 AC

Property size (Sq ft)

6,713 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a fully occupied, 6,713 square foot restaurant building situated on a 1.31-acre lot in Houston, Texas. Currently housing El Muelle Seafood & Grill, this net lease property offers a compelling return with a $4,950,000 asking price and a strong 6.30% cap rate, generating a net operating income (NOI) of $312,000. Built in 1979 and extensively renovated in 2024, the property features 120 parking spaces, a significant advantage in this high-traffic area. The lease includes rent bumps, ensuring future income growth. Located at 6501 Southwest Fwy, Houston, TX 77074, this single-tenant property benefits from a 100% occupancy rate and is situated on a ground lease. The property is categorized as retail, encompassing bar, QSR/fast food, and restaurant subtypes. This turnkey operation presents a rare opportunity for investors seeking a stable, high-performing asset in a thriving Houston market. The property is not located in a flood plain. Fixtures, furniture, and equipment (FF&E) are available.

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7175

Longitude

-95.4971

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