1011 McGowen Street, Houston, TX 77002

Listing Agency: Matthews

Listed By: Joshua Longoria · License #825925

Source: Crexi

Added: Oct 12 Changed: Nov 9 Last Checked: Nov 8 at 4:33PM

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Investment Insights

Based on property information with market context.

Red Cat Jazz Cafe is an NNN property at 1011 McGowen Street in Houston, Texas. The listing identifies a 9% cap rate and a triple-net lease structure.

Key Highlights

• 9% cap rate
• NNN property at 1011 McGowen Street, Houston, TX 77002

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Zipcar Car Rental Facility The Garden Bar & Lounge Bar & Pub Rhythm Bar Bar & Pub

Suggested Use

Top Pick Pet Grooming Service Daycare Center Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Butcher Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,402

Businesses Nearby

Explore this area Business Placement

Demographics for 77002, TX

19,844

Population

8,960

Households

2.2

Avg Household Size

34

Median Age

37%

College-Educated

86%

High-School Grad

2.0 sq mi

ZIP Area

9,922

Density / Sq Mi

$85,436

Median Household Income

$54,755

Median Earnings

$1,860

Median Rent

$286,100

Median Home Value

Market

Properties on Market for NNN properties in Houston

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Houston, TX

6.9% 2019

8.2% 2020

7.6% 2021

6.4% 2022

6% 2023

6.6% 2024

6.6% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - The café property is associated with a 9% cap rate.

Where is this nnn property located?

The property is located at 1011 McGowen Street Houston, TX.

What is the asking price?

The asking price for this property is $1,466,000.

What are key features of this property?

This property features: 9% cap rate; NNN property at 1011 McGowen Street, Houston, TX 77002