Current Use by Public Records
- Sherwin-Williams Paint Store / Hardware & Home Improvement / Building Supply
Property Details for 14640 Northwest Fwy
- Year built
- 2014
- Lot size
- 0.70 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents fee simple ownership of a 5,220-square-foot Sherwin-Williams retail building in Houston, Texas. The property boasts a 9.5-year remaining lease term with four 5-year renewal options, providing long-term stability and predictable income. The corporate-guaranteed net lease (NN) minimizes landlord responsibilities, limiting them to the building's roof and structure. Rental increases of 10% every five years throughout the initial term and at the start of each option period ensure consistent NOI growth and inflation protection. Located at 14640 Northwest Fwy, Houston, TX 77040, this single-story building sits on a 0.7-acre lot in a high-traffic area, benefiting from excellent visibility and accessibility at a signalized, hard-corner intersection. The property's prime location along a major Houston thoroughfare places it near numerous national retailers and a significant concentration of employees within a 5-mile radius, contributing to strong demographics. Built in 2014, this investment offers a 5.75% cap rate and a current NOI of $143,022, with an asking price of $2,487,000 ($476.44/sq ft). The property is zoned for commercial use and enjoys 100% occupancy. This is a rare opportunity to acquire a stable, high-performing asset in a thriving Houston market.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.539
- Latitude
- 29.867
