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    OFF-MARKET
    Retail properties & Spaces

    17111 Tomball Pkwy, Houston, TX 77064

    6,043 SF Built 2002
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 6,043 square foot, Class A restaurant property located at 17111 Tomball Pkwy, Houston, TX 77064. The property sits on a 86,435 square foot lot and features a single-story building constructed in 2002 and renovated in 2022. Currently operating under an absolute NNN lease with a credit-rated tenant backed by a corporate guarantee, this investment offers significant advantages. The lease boasts a 10-year term with 8 years remaining, including a 2% annual rental increase. The property generates a substantial Net Operating Income (NOI) of $290,126, resulting in a compelling 6.67% capitalization rate. The tenant, recognized among Houston's top alcohol-selling restaurants, enjoys a prime corner lot location just off Highway 249, ensuring high visibility and accessibility. Recent improvements include a new roof and AC systems. This turnkey investment provides immediate returns and long-term value, offering investors a stable income stream and a lucrative opportunity in a high-demand area. The property's strategic location and strong tenant history make it an ideal addition to any commercial real estate portfolio. The sale is structured as a sale for leaseback.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2002
    Total area 6,043 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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