Retail Property with National Tenants

12296 Veterans Memorial Dr, Houston, TX

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For Sale

Contact for pricing

Retail property 100% occupied by Advance Auto and Title Max.

Type:RETAIL

Property size:

9,472 SF

Lot size:

0.74 Acres

Price / SF:

$221/SF

HighLights

100% occupied by two national tenants: Advance Auto and Title Max.
Located in an ideal demographic for auto parts and title loans.
Tenants maintain the interior and reimburse for most repairs, maintenance, taxes, and insurance (hands‑free investment).
Stable return through remaining lease terms.
Significant upside potential upon lease renewal.
Tenants are leaders in their respective industries.

We can help!

Listing Contact

Jason Kieschnick

For Sale

Contact for pricing

Retail property 100% occupied by Advance Auto and Title Max.

Type:RETAIL

Property size:

9,472 SF

Lot size:

0.74 Acres

Price / SF:

$221/SF

Added:: Apr 14, 2023
Days on Market:: 1154
Last Refresh:: May 20 at 8:33 pm

Property Features for 12296 Veterans Memorial Dr

General Information

Standard status: Active
Size: 9,472 SF
Lot size: 0.74 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Jason Kieschnick

Listing agent Jason Kieschnick License #512911

Listing office Zann Commercial Brokerage

Listing date Apr 14, 2023

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Zann Commercial Brokerage

HighLights

100% occupied by two national tenants: Advance Auto and Title Max.
Located in an ideal demographic for auto parts and title loans.
Tenants maintain the interior and reimburse for most repairs, maintenance, taxes, and insurance (hands‑free investment).
Stable return through remaining lease terms.
Significant upside potential upon lease renewal.
Tenants are leaders in their respective industries.

Overview

This retail property is located in an area suitable for an auto parts and accessory store, as well as a title loan location. The property is 100% occupied by two national tenants, Advance Auto and Title Max. The leases require the tenants to maintain the interior of the leased premises and maintain or reimburse the landlord for the majority of repairs and maintenance, property taxes, and property insurance. The property offers a stable return through the remaining terms of the leases and potential upside upon renewal. The property size is 9472 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$194.4k	$20.52
− Vacancy	−$10.9k	−$1.15
EGI	$183.5k	$19.37
− OpEx	−$55.0k	−$5.81
NOI	$128.4k	$13.56

9,472 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.83M

$1.61M – $2.14M (±1% cap)

NOI $128,437 @ 7.0% cap · market cap 6.13%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.44M

$2.13M – $2.84M (±1% cap)

NOI $170,496 @ 7.0% cap · market cap 8.13%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Advance Auto Parts Auto Parts Store UPS Access Point ... Courier Service

Suggested Use

Location Insight

Map
Local Demand

City: Houston
County: Fort Bend
State: Texas
Longitude: -95.4819
Latitude: 29.966

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For sale
Retail space
TX
Houston
12296 Veterans Memorial Dr

What type of property is this?

Retail space - Retail property 100% occupied by Advance Auto and Title Max.

Where is this retail space located?

The property is located at 12296 Veterans Memorial Dr Houston, TX.

What is the asking price?

The asking price for this property is $2,096,785.

What are key features of this property?

This property features: 100% occupied by two national tenants: Advance Auto and Title Max.; Located in an ideal demographic for auto parts and title loans.; Tenants maintain the interior and reimburse for most repairs, maintenance, taxes, and insurance (hands‑free investment).

12296 Veterans Memorial Dr, Houston, TX

Retail property 100% occupied by Advance Auto and Title Max.

Property Features for 12296 Veterans Memorial Dr

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Newly Built Express Car Wash

Office-Warehouse Flex Building

Remodeled Full Service Car Wash

Townhouse-Style Duplex Near NRG Stadium

Modern Duplex Near Houston Hobby

Renovated Corner Retail Building

Updated Office Building in Montrose

Free-Standing Retail Building in Houston

Industrial Warehouse with Multiple Grade Doors

Industrial Warehouse Near I-45

Well-Maintained Multifamily Investment Property

Warehouse with Additional Building

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