Freestanding Restaurant NNN
2111 Houston Hwy Victoria, TX 77901
2111 Houston Hwy, Victoria, TX, 77901
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For Sale
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Freddy’s Frozen Custard in a 15-year NNN lease arrangement along Houston Hwy (US-59 Business).
Property Size3,552 SF
Price / SF$563.06
Days on Market125
Property Features for 2111 Houston Hwy
General Information
- Standard status
- Active
- Size
- 3,552 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2023
Listing agency
STRIVE Commercial Real Estate Advisors
Listed by
Jennifer Pierson · License #424317-B
Source
Crexi
Added: Mar 20 Updated: Jul 20 at 7:40PM Checked: Jul 21 at 9:57AM
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 STRIVE Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
Introducing Freddy’s Frozen Custard in Victoria, Texas, offered as a for-sale NNN investment with a 15-year lease in place. The property is described as a fast-casual restaurant operated by Lone Star Custard, presented as a seasoned Freddy’s operator.
The asset is positioned near Christus Spohn Hospital and St. Joseph High School in a retail corridor along Houston Highway (US-59 Business). The location is marketed for high visibility and accessibility, with consistent traffic flow supported by its proximity to these established uses.
The lease is described as including 7.5% rent increases every five years, providing built-in inflation protection. No additional landlord responsibilities are described in the offering materials.
The asset is positioned near Christus Spohn Hospital and St. Joseph High School in a retail corridor along Houston Highway (US-59 Business). The location is marketed for high visibility and accessibility, with consistent traffic flow supported by its proximity to these established uses.
The lease is described as including 7.5% rent increases every five years, providing built-in inflation protection. No additional landlord responsibilities are described in the offering materials.
Key Highlights
- Freddy’s Frozen Custard with 15‑year NNN lease in place
- Year built: 2023
- Lease includes 7.5% rent increases every five years
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.7k | $24.96 |
| − Vacancy | −$4.4k | −$1.25 |
| EGI | $84.2k | $23.71 |
| − OpEx | −$21.1k | −$5.93 |
| NOI | $63.2k | $17.78 |
3,552 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$902.4K
$789.6K – $1.05M
NOI $63,169 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$39.02M
$34.14M – $45.53M
NOI $2,731,570 @ 7.0% cap · market cap 136.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Freddy's Frozen Custard ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Freddy’s Frozen Custard in a 15-year NNN lease arrangement along Houston Hwy (US-59 Business).
Where is this conventional restaurant located?
The property is located at 2111 Houston Hwy Victoria, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Freddy’s Frozen Custard with 15‑year NNN lease in place; Year built: 2023; Lease includes 7.5% rent increases every five years
