18830 Noble 7 Ln Sugar Land, TX 77479
- Retail properties
- 830 SF
- 0.67 lot acres
Current Use by Public Records
- Retail properties
Property Details for 18830 Noble 7 Ln
- Year built
- 2023
- Lot size
- 0.67 lot acres
- Property size
- 830 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, 830-square-foot Salad and Go restaurant in Sugar Land, Texas. Built in 2023, the property sits on a 0.67-acre lot and is subject to a 20-year net lease with a corporate guarantee, commencing November 30, 2023, and expiring November 30, 2043. The lease includes three 5-year renewal options with a 10% rent increase every five years in both the primary term and renewal options. The property boasts a 6.15% cap rate and a strong net operating income (NOI) of $120,000. Located within the thriving Riverstone master-planned community, this property benefits from a high-density population of over 186,697 residents within a 5-mile radius, boasting an average household income of $135,089. The property's proximity to The Village at Riverstone shopping center, anchored by Kroger and other national tenants, further enhances its appeal. Sugar Land itself is recognized as a top city in Texas for business relocation and expansion, with a population exceeding 118,563. The asking price is $1,951,219, translating to a price per square foot of $2,350.87. This is a rare opportunity to acquire a high-performing, net-leased asset with a well-established tenant in a prime location. The property's strong fundamentals and favorable lease terms make it an attractive investment for discerning buyers.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sugar Land
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.5836
- Latitude
- 29.5488
