951 Rollingbrook Dr Baytown, TX 77521-4027

Property Details for 951 Rollingbrook Dr

Year built

2018

Construction

STEEL FRAME

Lot size

0.43 lot acres

Property size

3,776 SF

Property type

Retail space

APN

1321700010002

APU

1321700010002

Description

This exceptional Baytown, Texas retail property presents a compelling investment opportunity. The 5,270 square foot building, constructed in 2018, sits on a 0.43-acre lot at 951 Rollingbrook Dr, 77521, and is 100% occupied by two national tenants: Speed Queen and Total Wireless. The property benefits from a strong Net Net (NN) lease structure, featuring a primary tenant with approximately 7.2 years remaining on a 10.2-year lease, including three five-year renewal options with 10% rent bumps every five years. A secondary tenant holds a five-year lease with annual 3% increases and a five-year renewal option. The property boasts a current Net Operating Income (NOI) of $133,804, yielding a 6.12% cap rate at an asking price of $2,187,000 ($414.99/sq ft). Its prime location as an outparcel to a busy Joe V's Smart Shop (HEB) in a high-growth area ensures consistent traffic and strong performance. The property's excellent visibility and access, coupled with the tenants' resilience to e-commerce trends, make this a secure and attractive investment. The fee-simple ownership provides complete control and potential for future appreciation. This is a rare opportunity to acquire a high-quality, well-leased retail property in a thriving market.