26810 Kuykendahl RdTomball, TX 77375

  • Auto shops
  • 8,410 SF
For Sale
$5,004,000 View listing

Property Details for 26810 Kuykendahl Rd

Year built
2022
Construction
STEEL FRAME
Lot size
0.95 AC
Property size (Sq ft)
8,410 SF
Property type
Auto shops
APN
1376720010001
APU
1376720010001

Description

This exceptional investment opportunity presents a brand-new, 2023-constructed 6,880-square-foot Sun Auto retail building situated on a 0.946-acre lot in Tomball, Texas. The property boasts a 20-year absolute NNN lease with a prominent tenant, Sun Auto Tire & Service, a national operator with over 430 locations. The lease features zero landlord responsibilities and built-in annual rent increases of 1.5% throughout the primary term, along with four five-year renewal options. This provides exceptional long-term stability and predictable cash flow. The asking price is $5,004,000, representing a compelling 5.65% cap rate and a NOI of $282,750. The property benefits from its strategic location at the entrance to The Woodlands, a thriving master-planned community with over 114,000 residents and 2,100 businesses, boasting an average household income exceeding $194,417 within a 3-mile radius. This high-growth area has experienced a remarkable 12.47% population increase since 2020. The site enjoys excellent visibility and accessibility, situated in a major retail corridor anchored by significant businesses including H-E-B, Walmart, Walgreens, and Lone Star College. Kuykendahl Road, where the property is located, sees over 25,000 vehicles daily, connecting The Woodlands and Tomball communities. The tenant provides annual and quarterly financial reporting for the parent company, offering further transparency and confidence in this investment. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,398,477
    6.5%
    $3,137,056
    7%
    $2,912,980
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,002,966
    Geo Method
    $6,345,032
  • Alternative Use

    Use
    Valuation
    Residential
    $2,646,224
    Hospitality
    $2,423,927
    Educational
    $2,016,679
    Medical
    $2,086,036
    Retail
    $3,137,056

Location Insight

City
Tomball
County
Harris
State
Texas
Latitude
30.1486
Longitude
-95.5491
CBSA code
26420
CBSA name
HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$12,391
$763,384
$1,117,288
$1,880,672
-
$763,384
$1,117,288
$1,880,672

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