Houston Retail Investment
For Sale
Contact for pricing
3131 Richmond Ave., Houston, TX 77098
Tenant is Audi of Central Houston, corporate guaranteed lease.
Property Size3,558 SF
Price / SF$1,525
Days on Market185
Property Features for 3131 Richmond Ave.
General Information
Standard status
Active
Size
3,558 SF
Property subtype
Retail
Zoning
NZ
Building Details
Year Built
1959
Listing Agency:
SRS Real Estate Partners - Global Company
(480) 221-4221
Listed By:
Ryan Byrne · License #580152
Source:
Crexi
Added: Feb 9
Changed: Aug 8
Last Checked: Aug 8 at 3:12PM
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 SRS Real Estate Partners - Global Company
Investment Insights
Based on property information with market context.
This commercial property is located in a dense retail corridor alongside national retailers such as Costco, LA Fitness, Whole Foods, and HEB. The tenant is Sonic Momentum, doing business as Audi of Central Houston, with a corporate lease guaranteed by Sonic Automotive Inc. Sonic Automotive is a Fortune 500 company and one of the largest automotive and powersports retailers in America, with over 126 locations. The property offers a low-management investment opportunity for a passive investor, as the tenant covers CAM and maintains most aspects of the premises, while reimbursing the landlord for taxes and liability insurance. The property's roof was replaced in 2022 with a new TPO roofing system. The property contains 3,558 square feet.
Key Highlights
- Corporate guaranteed lease by Sonic Automotive Inc., a Fortune 500 company.
- Tenant is Audi of Central Houston.
- Low management investment with tenant maintaining most of the premises. Landlord reimbursed for taxes and liability insurance.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,497
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77098, TX
15,717
Population
10,181
Households
1.5
Avg Household Size
36
Median Age
81%
College-Educated
99%
High-School Grad
1.8 sq mi
ZIP Area
8,732
Density / Sq Mi
$115,867
Median Household Income
$83,401
Median Earnings
$1,854
Median Rent
$777,700
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?
Automotive property - Tenant is Audi of Central Houston, corporate guaranteed lease.
Where is this automotive property located?
The property is located at 3131 Richmond Ave. Houston, TX.
What is the asking price?
The asking price for this property is $5,426,000.
What are key features of this property?
This property features: Corporate guaranteed lease by Sonic Automotive Inc., a Fortune 500 company.; Tenant is Audi of Central Houston.; Low management investment with tenant maintaining most of the premises. Landlord reimbursed for taxes and liability insurance.
