9400 Sam Houston Pkwy, Houston, TX 77396
- Retail properties & Spaces
- 4,361 SF
- 0.90 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 9400 Sam Houston Pkwy
- Year built
- 2005
- Lot size
- 0.90 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Office Spaces
Description
This exceptional investment opportunity presents a fee-simple ownership of a 4,361-square-foot Class A bank building located at 9400 N Sam Houston Pkwy E, Houston, TX 77396, in Harris County. The property is currently 100% occupied by Chase Bank under an absolute triple-net (NNN) ground lease with a corporate guarantee. The lease commenced March 17, 2005, and has a remaining term of approximately 0.3 years, with four, five-year renewal options. The building, constructed in 2005, sits on a 0.9-acre lot and features a single story. The property boasts a current cap rate of 4.75% and a pro-forma cap rate of 10.00%, with a net operating income (NOI) of $166,375. The asking price is $3,500,000, translating to a price per square foot of $802.57. The property benefits from a high-traffic location on Beltway 8, with significant daily vehicle traffic. Parking is provided at a ratio of 6.19 spaces per 1,000 square feet. Rent bumps are structured at 10%. The property's permitted zoning is commercial, and the APN is 1274820010001. This is a rare opportunity to acquire a stable, investment-grade property with a strong tenant and significant upside potential.
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
- -95.2507
- Latitude
- 29.9337
