4021 I-10 FrontageBaytown, TX 77521

Property Details for 4021 I-10 Frontage

Year built

2024

Lot size

1.12 AC

Property size (Sq ft)

4,987 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a brand-new, 4,987 square foot Black Bear Diner located in Baytown, Texas. The property sits on a 1.117-acre lot at the northwest corner of Interstate 10 (93,000+ vehicles per day) and John Martin Road (9,200+ vehicles per day), offering unparalleled visibility and accessibility. This prime location is just 20 miles east of downtown Houston and benefits from its proximity to major retailers including Buc-ee's, Chick-fil-A, 7-Eleven, H-E-B, Academy, Marshalls, Kroger, and several car dealerships. The building was constructed in 2024 and features a 15-year absolute NNN lease with a corporate guarantee from Black Bear Diner, a well-established brand with 156 locations and plans for 14 new restaurants in 2024. The lease includes 10% rent bumps every five years and four five-year renewal options, ensuring long-term stability and growth. The property boasts a 5.75% cap rate and a strong net operating income (NOI) of $245,000. With a 100% occupancy rate and a population of 96,316 residents within a five-mile radius (projected to exceed 103,000 by 2028) and an average household income of $91,087, this investment offers significant potential for appreciation. Baytown, the fourth largest city in the Houston MSA, provides a robust and growing market for this type of establishment. The asking price is $4,260,869, representing a price per square foot of $854.40. The lease commenced on June 1, 2024, and expires on June 1, 2039, leaving a remaining term of 14.5 years.

Location Insight

City

Baytown

County

Harris

State

Texas

Latitude

29.8025

Longitude

-94.9997

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