Houston Investment
4545 S Sam Houston Parkway E Houston, TX
For Sale
Contact for pricing
NNN leased auto shop with corporate guarantee.
Property Size12,000 SF
Lot Size3.50 Acres
Price / SF$375
Days on Market1641
Property Features for 4545 S Sam Houston Parkway E
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 3.50 Acres
- Property subtype
- RETAIL
Listing Agency:
Lee & Associates
(713) 744-7404
Listed By:
Mike Spears, SIOR, CCIM · License #493926
(713) 744-7404
Source:
Moodyscre
Added: Jan 24, 2022
Changed: Jul 6
Last Checked: Jul 21 at 8:49AM
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 Lee & Associates
Investment Insights
Based on property information with market context.
This property, located at 4545 South Sam Houston Parkway East in Houston, Texas, presents an investment opportunity. Constructed in 2006, the building encompasses approximately 12,000 square feet and is situated on a lot of approximately 3.5 acres. The property includes approximately 43 free surface parking spaces. The property is currently leased to Service King Paint and Body, LLC, with an absolute NNN lease structure, meaning no landlord responsibilities. The lease commenced on October 6, 2015, and is set to expire on March 31, 2036, leaving approximately 14.5 years remaining on the term. The lease includes rent escalations of 10% every 5 years, along with four (4) five (5) year option periods.
Key Highlights
- Absolute NNN Lease (No Landlord Responsibilities)
- Corporate Guaranty by Service King Paint and Body, LLC
- Enjoy a long‑term investment with ± 14.5 Years Remaining on Lease
Financial Insights For 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 | $246.2k | $20.52 |
| − Vacancy | −$13.8k | −$1.15 |
| EGI | $232.5k | $19.37 |
| − OpEx | −$69.7k | −$5.81 |
| NOI | $162.7k | $13.56 |
12,000 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.32M
$2.03M – $2.71M
NOI $162,715 @ 7.0% cap · market cap 3.62%
Second Best
Industrial
$966.6K
$845.8K – $1.13M
NOI $67,662 @ 7.0% cap · market cap 1.50%
Theoretical Best
Office A
$3.09M
$2.70M – $3.60M
NOI $216,000 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Crash Champions Collision ...
Auto Repair Shop
Similar Off Market Nearby
- Cars Fast Shop LLC — 4139 Deerbriar Run Dr, Houston, TX 77048
- Caliber Collision — 3913 S Sam Houston Pkwy E, Houston, TX 77047
- Crash Champions Collision Repair N Pearland — 4545 S Sam Houston Pkwy E, Houston, TX 77048
- Craython's Auto Experts — 4302 Jamie Ln, Houston, TX 77048
- Amazing rv tech — 3851 Glover Meadows Ln, Houston, TX 77047
FAQs
What type of property is this?
Auto shop - NNN leased auto shop with corporate guarantee.
Where is this auto shop located?
The property is located at 4545 S Sam Houston Parkway E Houston, TX.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Absolute NNN Lease (No Landlord Responsibilities); Corporate Guaranty by Service King Paint and Body, LLC; Enjoy a long‑term investment with ± 14.5 Years Remaining on Lease
