8551 Almeda RdHouston, TX 77054

Property Details for 8551 Almeda Rd

Year built

2014

Construction

WOOD FRAME

Lot size

0.58 AC

Property size (Sq ft)

1,650 SF

Property type

Drive through restaurants

APN

1453010010001

APU

1453010010001

Description

This exceptional investment opportunity presents a 5,550 square foot retail property located at 8551 and 8549 Almeda Rd in Houston, Texas, 77054. The property consists of two single-story buildings totaling 5,550 square feet, situated on a substantial 25,221 square foot lot. A 4,000 square foot net rentable area is occupied by a Subway franchisee under a triple-net (NNN) lease, ensuring minimal landlord responsibilities. The property boasts 100% occupancy since February 1st, 2016, generating a strong net operating income (NOI) of $54,000 annually, resulting in a 1.80% cap rate. The asking price is $2,995,000, translating to a price per square foot of $539.64. Built in 2016, this property benefits from its strategic location at a major intersection of Almeda Road and Loop 610 South, a primary route to the Texas Medical Center, ensuring high visibility and accessibility. The property includes a 1,500 square foot freestanding Subway building and a 4,000 square foot new construction shell retail building. This offering presents a compelling investment opportunity with a stable tenant and significant potential for future growth.

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.6819

Longitude

-95.3923

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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