6501 Southwest Fwy, Houston, TX 77074
- Retail properties & Spaces
- 6,713 SF
- 1.31 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 6501 Southwest Fwy
- Year built
- 1979
- Lot size
- 1.31 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a fully occupied, 6,713 square foot restaurant building situated on a 1.31-acre lot in Houston, Texas. Currently housing El Muelle Seafood & Grill, this net lease property offers a compelling return with a $4,950,000 asking price and a strong 6.30% cap rate, generating a net operating income (NOI) of $312,000. Built in 1979 and extensively renovated in 2024, the property features 120 parking spaces, a significant advantage in this high-traffic area. The lease includes rent bumps, ensuring future income growth. Located at 6501 Southwest Fwy, Houston, TX 77074, this single-tenant property benefits from a 100% occupancy rate and is situated on a ground lease. The property is categorized as retail, encompassing bar, QSR/fast food, and restaurant subtypes. This turnkey operation presents a rare opportunity for investors seeking a stable, high-performing asset in a thriving Houston market. The property is not located in a flood plain. Fixtures, furniture, and equipment (FF&E) are available.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.4971
- Latitude
- 29.7175
