14640 Northwest FwyHouston, TX 77040

Property Details for 14640 Northwest Fwy

Year built

2014

Lot size

0.70 AC

Property size (Sq ft)

5,220 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents fee simple ownership of a 5,220-square-foot Sherwin-Williams retail building in Houston, Texas. The property boasts a 9.5-year remaining lease term with four 5-year renewal options, providing long-term stability and predictable income. The corporate-guaranteed net lease (NN) minimizes landlord responsibilities, limiting them to the building's roof and structure. Rental increases of 10% every five years throughout the initial term and at the start of each option period ensure consistent NOI growth and inflation protection. Located at 14640 Northwest Fwy, Houston, TX 77040, this single-story building sits on a 0.7-acre lot in a high-traffic area, benefiting from excellent visibility and accessibility at a signalized, hard-corner intersection. The property's prime location along a major Houston thoroughfare places it near numerous national retailers and a significant concentration of employees within a 5-mile radius, contributing to strong demographics. Built in 2014, this investment offers a 5.75% cap rate and a current NOI of $143,022, with an asking price of $2,487,000 ($476.44/sq ft). The property is zoned for commercial use and enjoys 100% occupancy. This is a rare opportunity to acquire a stable, high-performing asset in a thriving Houston market.

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.867

Longitude

-95.539

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