12296 Veterans Memorial Dr Houston, TX 77067
Retail property with national tenants, offering stable income and upside.
Building Details
- Year built
- 1985
Source:
Zann
Listing Agent: Jason C. Kieschnick
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Retail Investment Opportunity in Houston
This retail property is located in an area with significant residential and commercial development, near a heavily trafficked intersection with over 56,000 vehicles per day. The property is fully occupied by Advance Auto and Title Max, both national tenants. Advance Auto has been a tenant since 2008, and Title Max since 2012. Advance Auto operates 4,687 stores in the US, with net sales over $11B in 2022. Title Max is a privately held company with over 900 stores in 14 states. The leases require the tenants to maintain the interior of the premises and maintain or reimburse the landlord for most repairs and maintenance, property taxes, and property insurance. The property is suitable for an auto parts and accessory store, and a title loan location. The Title Max lease is backed by a corporate guaranty. The current below-market rents provide a stable return through the remaining lease terms and potential upside upon renewal.
Location Intelligence
Current Use by Public Records
Advance Auto Parts
Auto Parts Store
UPS Access Point ...
Courier Service
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.48189
- Latitude
- 29.966037
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FAQs
What type of property is this?
Retail space - Retail property with national tenants, offering stable income and upside.
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.; - Tenants responsible for interior maintenance and reimbursement for most repairs, taxes, and insurance, creating a hands-free investment.; - Below market rents offer stable return and significant upside upon renewal.
