8551 Almeda Rd Houston, TX 77054-4601

This exceptional investment opportunity presents a 5,550 square foot retail property located at 8551 and 8549 Almeda Rd in Houston, Texas, 77054. The property consists of two single-story buildings totaling 5,550 square feet, situated on a substantial 25,221 square foot lot. A 4,000 square foot net rentable area is occupied by a Subway franchisee under a triple-net (NNN) lease, ensuring minimal landlord responsibilities. The property boasts 100% occupancy since February 1st, 2016, generating a strong net operating income (NOI) of $54,000 annually, resulting in a 1.80% cap rate. The asking price is $2,995,000, translating to a price per square foot of $539.64. Built in 2016, this property benefits from its strategic location at a major intersection of Almeda Road and Loop 610 South, a primary route to the Texas Medical Center, ensuring high visibility and accessibility. The property includes a 1,500 square foot freestanding Subway building and a 4,000 square foot new construction shell retail building. This offering presents a compelling investment opportunity with a stable tenant and significant potential for future growth.