5724 Hwy 6 & 19825 Fwy Missouri City, TX 77459
- Retail properties
- 3,600 SF
- 1.19 lot acres
Current Use by Public Records
- Retail properties
Property Details for 5724 Hwy 6 & 19825 Fwy
- Lot size
- 1.19 lot acres
- Property size
- 3,600 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment offering presents two single-tenant, net-leased properties in Missouri City, Texas, totaling 9,412 net rentable square feet on a 1.19 to 1.36-acre lot. Located at 5724 Hwy 6 & 19825 NW Fwy, this property boasts a prime location within the Riverstone Town Centre, anchored by major national retailers such as Target, Home Depot, Kohl's, Hobby Lobby, and Office Depot. The property comprises two buildings, each one story, housing a PNC Bank and a Chili's Grill & Bar. PNC Bank, established in 1922 and operating nationally, recently renewed its lease for five years with three additional five-year options. Chili's Grill & Bar, a Brinker International brand with extensive experience, occupies the second building and is poised to exercise its fourth five-year lease renewal, commencing March 1, 2025. This presents a strong, stable investment with significant potential for future income growth due to the upcoming lease expiration for Chili's. The asking price is $5,000,000, representing a compelling opportunity in a high-traffic retail center. The combined square footage ranges from 3,600 to 5,812 square feet per building, with 100% occupancy. This investment offers a secure, diversified income stream with established, creditworthy tenants.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Missouri City
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.5697
- Latitude
- 29.5706
