3207 Williamsburg Ln Missouri City, TX 77459-2280
- Commercial real estate
- 14,015 SF
- 2.05 lot acres
Jan 05, 2022
Current Use by Public Records
- Lone Star Pet Lodges / Pet Boarding Service / Dog Day Care Center
Property Details for 3207 Williamsburg Ln
- Year built
- 2006
- Lot size
- 2.05 lot acres
- Property size
- 14,015 SF
- Property type
- Commercial real estate
- APN
- 0089-00-000-0187-907
- APU
- 89000000187907
Description
This exceptional investment opportunity presents a 14,100 square foot medical office building, currently operating as a Destination Pet facility under a 15-year absolute NNN lease. The lease commenced December 20, 2021, and has a remaining term of 12.6 years, expiring December 20, 2036. The property boasts a 7.00% cap rate and a strong net operating income (NOI) of $229,250, translating to a price per square foot of $232.27. The asking price is $3,275,000. Built in 2004, this single-tenant property sits on an 89,167 square foot lot in Missouri City, Texas (77459), within a dense retail corridor featuring national brands like Walmart, Home Depot, and Target. The lease includes 10% rent bumps every five years, providing built-in protection against inflation and increasing cash flow. The property's location within a 5-mile radius of over 228,658 residents with an average household income exceeding $126,227 ensures a stable and growing market. This recession-resistant investment offers a passive income stream with minimal landlord responsibilities, making it an attractive option for both local and national investors. The property's strategic location in the Southwest Corridor, approximately 21 miles from Houston, provides easy access to surrounding markets. The current 100% occupancy further solidifies this investment's appeal. Lease options for 3 and 5-year extensions are available.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $575,000
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Location Insight
- Map
- Local Demand
- City
- Missouri City
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.5663
- Latitude
- 29.5728
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA