Property summary
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
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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