5701 Washington Ave Houston, TX 77007-5136

This exceptional investment opportunity presents a 6,942 square foot bar located at 5701 Washington Ave, Houston, TX 77007. The property, built in 1960 and renovated in 2019, sits on a 25,513 square foot lot and boasts coveted frontage on Washington Ave, experiencing over 16,000 cars daily. The tenant, Rain HTX, a new concept by Show Hospitality, recently signed a new 7-year absolute NNN lease with a 5-year option, featuring annual rent increases. This provides a 7% cap rate and minimizes landlord responsibilities. The location within the Washington Corridor offers high visibility and benefits from a dense population (492,000 residents within 5 miles, 714,000+ daytime population) and high average household income ($226,000+ within 1 mile). Proximity to Memorial Park further enhances its appeal. The property's unique design and the tenant's upscale dining and entertainment concept create a strong investment opportunity with significant upside potential. The asking price is $4,628,000, translating to $666.67 per square foot. This is a management-free investment with built-in inflation protection through annual rent escalations.