520 Main StTomball, TX 77375

Property Details for 520 Main St

Year built

2016

Construction

BRICK

Lot size

0.48 AC

Property size (Sq ft)

609 SF

Property type

Drive through restaurants

APN

1372040010001

APU

1372040010001

Description

This fee-simple investment opportunity presents a 609-square-foot, single-tenant retail property in Tomball, Texas, currently leased to DeNovo Coffee. The property boasts a 6.00% cap rate and a strong 10-year NNN lease (commencing October 1, 2024, and expiring September 30, 2034), featuring 10% rental increases every five years. The building, constructed in 2016, is situated on a 0.48-acre lot with five parking spaces and benefits from a prime location on West Main Street (FM 2920), experiencing 22,000 vehicles per day. The property enjoys excellent visibility and accessibility, situated within a thriving retail corridor near major employers, including Lone Star College-Tomball and Tomball Independent School District, and less than a mile from HCA Houston Healthcare Tomball. The surrounding area demonstrates significant growth, with 118,412 residents within a five-mile radius and an average annual household income of $138,981 within the same radius. The property is zoned for commercial/restaurant fast food use and includes five lease options. The asking price is $999,900, with a current NOI of $60,000. This is a turn-key investment with minimal landlord responsibilities. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment opportunity. The APN is 1372040010001.

• CAP approach

  CAP return

  Valuation

  6%

  $246,097

  6.5%

  $227,166

  7%

  $210,940

• Comparable approach

  Method

  Valuation

  Relative Method

  $289,870

  Geo Method

  $459,468

• Alternative Use

  Use

  Valuation

  Residential

  $191,623

  Hospitality

  $175,526

  Educational

  $146,035

  Medical

  $151,058

  Retail

  $227,166

Location Insight

City

Tomball

County

Harris

State

Texas

Latitude

30.0961

Longitude

-95.6192

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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