3000 Woodridge Dr Houston, TX 77087-2516

Property Details for 3000 Woodridge Dr

Year built

1986

Construction

CONCRETE BLOCKS

Property size

4,954 SF

Property type

Turn key restaurants

APN

450660010121

APU

450660010121

Description

This exceptional investment opportunity presents a 4,616 square foot fast-casual restaurant in Houston, Texas, currently operating under a corporate-guaranteed absolute net lease. The property, built in 1986 and renovated in 2010, boasts a desirable drive-thru and sits on a 0.76-acre lot. The lease, expiring December 1, 2030, offers a substantial remaining term of six years with attractive rent bumps of 15% every five years. The property enjoys a strong 8.00% cap rate and a substantial net operating income (NOI) of $304,424, with an asking price of $3,805,300 ($824.37 per square foot). Located at 3000 Woodridge Dr, Houston, TX 77087, this A-class property benefits from high visibility and accessibility, situated along a major retail corridor with daily traffic counts exceeding 26,000 vehicles. Its strategic location near Interstate 610 and Interstate 45 provides excellent commuter access. The property is surrounded by dense residential neighborhoods, apartment complexes, and numerous amenities, including parks and schools. Its proximity to a Lowe's and the Gulfgate Center, a large power center, further enhances its appeal. The area's strong demographics, including over 327,000 people within a five-mile radius and over 1,900 apartment units within one mile, ensure a robust customer base. The property's location within an Opportunity Zone offers additional tax incentives. Finally, its adjacency to the University of Houston provides a large and consistent population base.

Location Insight

City

Houston

County

Harris

State

Texas

Longitude

-95.2972

Latitude

29.6989

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments