Current Use by Public Records
- Industrial properties
Property Details for 818 Texas Pkwy
- Year built
- 1960
- Property type
- Industrial properties
Description
This exceptional 12,807 sq. ft. industrial property, ideally suited for a mechanic, motor inspection, or tire shop, presents a unique investment opportunity. Built in 1960 and extensively renovated in 2024, the property boasts two buildings offering ample space for vehicle parking and maneuverability. The workshop features two functional lifts, available for tenant use at no extra cost. Importantly, the space is not approved for motor body shop operations. The lease offers a stable rental rate of $3800 per month under a triple net lease (tenant pays taxes) for the first two years, followed by a 5% annual increase. To facilitate permit acquisition, one month of free rent is included. Tenants are responsible for securing their own insurance coverage. This single-tenant property represents a strong investment with significant potential for long-term growth. The property's recent renovation ensures modern functionality and efficiency, while its established history as a mechanic workshop provides a ready-made foundation for a successful business. The generous square footage and dual-building layout provide flexibility and ample room for operations and storage. The included lifts represent a significant added value, saving the tenant considerable capital expenditure. The attractive lease terms, combined with the free rent incentive, make this an exceptional opportunity for a discerning investor or business owner.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Stafford
- County
- Harris
- State
- Texas
- Longitude
- -95.5323
- Latitude
- 29.6134
