520 W Main St Tomball, TX 77375
- Drive through restaurants
- 609 SF
- 0.48 lot acres
Current Use by Public Records
- Denovo Coffee / Coffee Shop
Property Details for 520 W Main St
- Year built
- 2016
- Construction
- BRICK
- Lot size
- 0.48 lot acres
- Property size
- 609 SF
- Property type
- Drive through restaurants
- APN
- 1372040010001
- APU
- 1372040010001
Description
This fee-simple investment opportunity presents a 609-square-foot, single-tenant retail property in Tomball, Texas, currently leased to DeNovo Coffee. The property boasts a 6.00% cap rate and a strong 10-year NNN lease (commencing October 1, 2024, and expiring September 30, 2034), featuring 10% rental increases every five years. The building, constructed in 2016, is situated on a 0.48-acre lot with five parking spaces and benefits from a prime location on West Main Street (FM 2920), experiencing 22,000 vehicles per day. The property enjoys excellent visibility and accessibility, situated within a thriving retail corridor near major employers, including Lone Star College-Tomball and Tomball Independent School District, and less than a mile from HCA Houston Healthcare Tomball. The surrounding area demonstrates significant growth, with 118,412 residents within a five-mile radius and an average annual household income of $138,981 within the same radius. The property is zoned for commercial/restaurant fast food use and includes five lease options. The asking price is $999,900, with a current NOI of $60,000. This is a turn-key investment with minimal landlord responsibilities. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment opportunity. The APN is 1372040010001.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tomball
- County
- Harris
- State
- Texas
- Longitude
- -95.6192
- Latitude
- 30.0961
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
