8078 Antoine Dr Houston, TX 77088-4302

Property Details for 8078 Antoine Dr

Year built

1982

Lot size

0.24 lot acres

Property size

1,700 SF

Property type

Commercial real estate

APN

1123100000030

APU

1123100000030

Description

This exceptional investment opportunity presents a fee-simple ownership of a 1,700 square foot retail property located at 8078 Antoine Dr, Houston, TX 77088. The property sits on a 0.24-acre lot and is currently 100% occupied under a triple-net (NNN) lease with Select Management Resources (SMR), a significant national title loan company operating under sixteen distinct brands with over 425 locations across 20 states. The lease commenced October 1, 2024, and extends for a substantial 20-year term, expiring October 1, 2044. The lease includes a crucial 3% annual rent increase, ensuring consistent growth in rental income. The current asking price is $448,800, yielding a 6.25% cap rate based on a net operating income (NOI) of $28,050. This property offers a passive income stream with no landlord responsibilities beyond collecting rent checks, as the tenant is responsible for all maintenance, utilities, taxes, and insurance. The tenant's strong financial position and long-term commitment make this a highly attractive investment prospect in the robust Houston market. This is a rare opportunity to acquire a below $500,000 net lease property with built-in annual rent escalations, providing significant long-term value appreciation. The property is classified as a convenience store, QSR/fast food, and storefront.