AutoZone Storefront
For Sale
$2,276,800
17603 FM 529 Rd, Houston, TX 77095
AutoZone has operated at the site since 2004 under an extended lease.
Property Size7,376 SF
Days on Market57
Property Features for 17603 FM 529 Rd
General Information
Standard status
Active
Size
7,376 SF
Property subtype
Commercial
Lease Term
± 14 Years
Net Operating Income
$119,532
Building Details
Building Size
7,376 SF
Year Built
2004
Tenancy
Single
Listing Agency:
Matthews Real Estate Investment Services - Orange County
Listed By:
Conrad Sarreal · License #01982875 (CA)
(214) 692-2847
Source:
Matthews
Added: Aug 12
Changed: Sep 12
Last Checked: Oct 7 at 8:32AM
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 Matthews Real Estate Investment Services - Orange County
Investment Insights
Based on property information with market context.
This freestanding storefront property at 17603 FM 529 Rd in Houston is occupied by AutoZone, which has operated at the location since 2004. The tenant recently exercised its renewal option, adding 10 years to the lease term. Contractual rent increases of 10% are scheduled for 2030 and 2035 and continue through the option periods. The lease also carries a guaranty from AutoZone, Inc., identified in the source information as BBB-rated and publicly traded on the NYSE under AZO.
Ownership includes both the land and building improvements through fee simple ownership. A Duro-Last roof membrane was installed in 2021, with a transferable warranty extending through March 4, 2041. The property fronts Spencer Highway, reported at 37,000+ VPD, near Highway 6 at 50,000+ VPD. Nearby national retailers include Walmart, Target, Kroger, Home Depot, and Lowe’s, while Langham Creek High School, with more than 3,000 students, is directly across the street.
Ownership includes both the land and building improvements through fee simple ownership. A Duro-Last roof membrane was installed in 2021, with a transferable warranty extending through March 4, 2041. The property fronts Spencer Highway, reported at 37,000+ VPD, near Highway 6 at 50,000+ VPD. Nearby national retailers include Walmart, Target, Kroger, Home Depot, and Lowe’s, while Langham Creek High School, with more than 3,000 students, is directly across the street.
Key Highlights
- AutoZone has operated at the location since 2004
- Lease extended by an additional 10 years; 10% increases scheduled in 2030 and 2035
- Fee simple ownership includes both land and improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,016
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,000,320
$2.0M
Cap Rate 7%
$1,428,800
$1.4M
Cap Rate 9%
$1,111,289
$1.1M
Market Conditions
NOI Build-Up for 7,376 SF
Gross rent
$151.4K $20.52/SF
− Vacancy
−$8.5K −$1.15/SF
EGI
$142.9K $19.37/SF
− OpEx
−$42.9K −$5.81/SF
NOI
$100.0K $13.56/SF
Area
ZIP 77095
Vacancy
5.60%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,000,320
Cap Rate 7%
$1,428,800
Cap Rate 9%
$1,111,289
Alternative Uses
Best Use
Retail
$1.43M
$1.25M – $1.67M
NOI $100,016 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,768 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
659
Businesses Nearby
63k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 59%
Dining 24%
Shops & Services 17%
Kohl's
Apparel
37,115 visits/mo
0.3 miles
Burger King
Dining
14,806 visits/mo
0.4 miles
Kroger Fuel Center
Shops & Services
10,791 visits/mo
0.5 miles
Demographics for 77095, TX
71,206
Population
26,429
Households
2.7
Avg Household Size
37
Median Age
42%
College-Educated
93%
High-School Grad
14.7 sq mi
ZIP Area
4,844
Density / Sq Mi
$95,657
Median Household Income
$49,466
Median Earnings
$1,638
Median Rent
$288,500
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - AutoZone has operated at the site since 2004 under an extended lease.
Where is this storefront property located?
The property is located at 17603 FM 529 Rd Houston, TX.
What is the asking price?
The asking price for this property is $2,276,800.
What are key features of this property?
This property features: AutoZone has operated at the location since 2004; Lease extended by an additional 10 years; 10% increases scheduled in 2030 and 2035; Fee simple ownership includes both land and improvements
