2620 Sam Houston W Pkwy Houston, TX 77047-6790

Property Details for 2620 Sam Houston W Pkwy

Year built

2002

Construction

METAL FRAME

Lot size

2.78 lot acres

Property size

19,460 SF

Property type

Warehouses

APN

280640060035

APU

280640060035

Description

This exceptional investment opportunity presents a fully occupied, Class A retail center in Houston, TX. The 4,600 square foot property, built in 2019, sits on a 0.45-acre lot and boasts three tenants: Starbucks, Dunkin', and Dutch Bros. Coffee. The property benefits from a 100% occupancy rate and a strong weighted average lease term of 6.8 years, with each tenant holding two, five-year renewal options. Annual rent increases are in place, providing a hedge against inflation. The property features a triple-net (NNN) lease structure, meaning tenants are responsible for taxes, insurance, and operating expenses. The current Net Operating Income (NOI) is $241,371, resulting in a 7.01% cap rate. The strategic location on Sam Houston Parkway, near Westheimer Road, offers high visibility and accessibility, with significant daily traffic counts. The property is situated near major employers, including the Phillips 66 headquarters, and numerous retail amenities such as Trader Joe's, ALDI, HEB, Lowe's, Petco, Kohl's, and Walmart. The surrounding area also features a strong demographic profile, with a high average household income and projected population growth. This is a rare opportunity to acquire a well-positioned, high-performing retail asset with significant long-term growth potential. The asking price is $3,443,077.

Location Insight

City

Houston

County

Harris

State

Texas

Longitude

-95.422

Latitude

29.5984

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments