10225 Texas 6 Sugar Land, TX 77498
- Retail properties
- 14,380 SF
- 1.50 lot acres
Current Use by Public Records
- Retail properties
Property Details for 10225 Texas 6
- Year built
- 2013
- Lot size
- 1.50 lot acres
- Property size
- 14,380 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
Exceptional investment opportunity: a 14,380-square-foot, single-tenant, net-leased Pep Boys auto shop located at 10225 S Texas 6 in Sugar Land, Texas (77498), within the Houston MSA. This property boasts a 15-year corporate lease with approximately 5 years remaining, offering three 5-year renewal options with 10% rental increases each. The building, constructed in 2013, sits on a 1.5-acre lot and includes 60 parking spaces. The property enjoys 100% occupancy, generating a strong NOI of $351,820 and a 7.00% cap rate, with an asking price of $5,026,000 ($350/SF). This high-quality construction benefits from a prime location in a dense retail corridor with high visibility and immediate access to Hwy 6. The surrounding area demonstrates excellent demographics, featuring over 20,000 people within a 1-mile radius, boasting average household incomes exceeding $87,000. This represents a stable, long-term investment in a rapidly growing market with strong real estate fundamentals and a history of successful occupancy across multiple economic cycles. The property's single-story design and ample parking further enhance its appeal.
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
- Sugar Land
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.6424
- Latitude
- 29.6659
