2451 E Orem Dr Houston, TX 77047

Property Details for 2451 E Orem Dr

Year built

2024

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a brand-new, corporate-owned Starbucks located at 2451 E Orem Dr, Houston, TX 77047, within the Harris County area. The property, built in 2024, boasts a 2,000 square foot footprint and operates under a Net Net (NN) lease structure. The current lease commenced March 23, 2024, and extends for a substantial 10-year term, expiring March 29, 2034, leaving approximately 9.4 years remaining. The asking price is $2,600,000, representing a compelling 5.00% capitalization rate. This strategically positioned Starbucks benefits from significant demographic advantages, including a 46% population growth within a one-mile radius and an average household income exceeding $80,000 within the same area. The high-traffic location on Highway 288 sees over 147,000 vehicles per day, ensuring consistent customer flow. The lease includes 10% rent escalations every five years, providing built-in protection against inflation and increasing profitability over the lease term. This is a rare opportunity to acquire a high-performing, established brand in a rapidly expanding Houston market. The property's dense rooftop location further enhances its visibility and appeal. The Houston MSA provides a strong economic backdrop for this investment. This is a turnkey investment with significant upside potential.