15743 Lee Rd Houston, TX 77032

This exceptional investment opportunity presents a 2,500 square foot grocery store in Houston, Texas, boasting a strong 8% cap rate and a substantial $37,800 annual NOI. The property, built in 1950, features a single-story building with 100% occupancy under a NNN lease with approximately seven years remaining. The current rent is $15 per square foot, offering significant long-term stability. The 24-hour store format contributes to high sales volume, further enhanced by the robust demographics of the area. Located at 15743 Lee Rd, Houston, TX 77032, this property benefits from a strong population base of over 148,361 people within a 5-mile radius and a projected 9.36% annual population growth over the next five years. This presents a rare chance to acquire a stable, high-performing retail asset with significant upside potential in a rapidly growing market. The property is situated in Harris County. The asking price is $472,500.