17111 Tomball Pkwy Houston, TX 77064
- Retail properties
- 6,043 SF
Current Use by Public Records
- Retail properties
Property Details for 17111 Tomball Pkwy
- Year built
- 2002
- Property size
- 6,043 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.5387
- Latitude
- 29.953
