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Property profile & analytics
OFF-MARKET
Lifestyle centers

14640 Northwest Fwy Houston, TX 77040

5,220 SF 0.7 ac lot Built 2014
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Lifestyle centers
Year built 2014
Total area 5,220 SF
Lot 0.7 ac (30,492 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sherwin-Williams Paint Store Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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