2150 Highway 6 Alvin, TX 77511
- Retail properties
- 4,200 SF
Current Use by Public Records
- Retail properties
Property Details for 2150 Highway 6
- Property size
- 4,200 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a brand-new, 20-year absolute NNN ground lease for a McDonald's restaurant located at 2150 E Hwy 6, Alvin, Texas 77511, in Brazoria County. The 4,200 square foot Class A property boasts a strong location across from a Home Depot on busy Highway 6, within a rapidly growing area of Alvin (near Houston). Benefiting from a corporate guarantee and a credit-rated tenant, this single-tenant property offers a 3.50% cap rate with a substantial net operating income (NOI) of $115,000. The lease commenced November 1, 2024, and extends to November 1, 2044, featuring 10% rent bumps every five years. The asking price is $3,285,714, translating to $782.31 per square foot. This property is ideally suited for a 1031 exchange, offering a secure and lucrative investment with a proven tenant and a prime location near other established businesses including 7-Eleven, Chick-fil-A, and Panda Express. The property's proximity to a recently relocated Walmart further enhances its desirability and potential for continued growth. The ground lease also expires November 1, 2044. 100% occupancy is guaranteed from the lease commencement date.
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
- Alvin
- County
- Brazoria
- State
- Texas
- Longitude
- -95.2214
- Latitude
- 29.4198
