6720 Chimney Rock RdHouston, TX 77081

Property Details for 6720 Chimney Rock Rd

Year built

2011

Construction

CONCRETE BLOCKS

Lot size

1.02 AC

Property size (Sq ft)

23,455 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1316670010002

APU

1316670010002

Description

This turnkey restaurant opportunity in Houston, Texas, presents a fully equipped, 2,800 square foot space ideally situated at 6720 Chimney Rock Rd, near the intersection of Chimney Rock and Bellaire Blvd. Built in 2012 and renovated in 2022, this Class B property boasts a prime location offering high visibility and convenient customer access. The lease is a NNN type, extending until May 30, 2033. The single-story building sits on a 1.02-acre lot and includes ample parking (54 spaces per 1,000 sq ft). The interior features a fully furnished front-of-house with an order/pickup counter, and a well-equipped kitchen complete with two vent hoods, gas connections, floor drains, a walk-in cooler, and a portable freezer. All furniture, equipment, and leasehold rights are included in the $45,000 asking price. This represents a significant opportunity for a quick-service restaurant or fast-food establishment seeking an established location with existing infrastructure. The property is zoned for commercial use.

• CAP approach

  CAP return

  Valuation

  6%

  $7,061,326

  6.5%

  $6,518,147

  7%

  $6,052,565

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,736,504

  Geo Method

  $17,695,924

• Alternative Use

  Use

  Valuation

  Residential

  $5,498,300

  Hospitality

  $5,036,414

  Educational

  $4,190,237

  Medical

  $4,334,346

  Retail

  $6,518,147

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7063

Longitude

-95.477

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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