17381 Tomball Pkwy Houston, TX 77064
- Retail properties
- 7,684 SF
Current Use by Public Records
- Retail properties
Property Details for 17381 Tomball Pkwy
- Year built
- 2009
- Property size
- 7,684 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a 7,684 square foot, Class A restaurant property located at 17381 Tomball Pkwy, Houston, TX 77064. The property, built in 2009 and renovated in 2023, sits on a 18,382 square foot lot and features a single-story building. Currently operating under an absolute NNN lease with a credit-rated tenant backed by a corporate guarantee, the lease boasts a remaining term of eight years with a ten-year initial term and a 2% annual rental increase. The property generates a substantial net operating income (NOI) of $286,529, resulting in an attractive 6.90% cap rate. The asking price is $4,150,000. The tenant, recognized among Houston's top alcohol-selling restaurants, ensures a stable and reliable income stream. The property benefits from a prime location in Willow Brook Plaza, offering high visibility and accessibility. New roof and AC systems further enhance the property's value and operational efficiency. This turnkey restaurant presents a compelling investment opportunity with immediate returns and long-term growth potential in a thriving Houston market. The property offers minimal landlord responsibilities, providing investors with a low-maintenance, high-yield investment.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.5454
- Latitude
- 29.9549
