17111 Tomball Pkwy, Houston, TX 77064
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.