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22251879
22260973

7820 Fulton St, Houston, TX 77022

DF
NewForm Real Estate
Listed by NewForm Real Estate
$849,000
674 days on market
Updated 66 days ago

7820 Fulton Street

Details
Property Type Office, Retail
Sub Type Bank, QSR/Fast Food (+1)
Square Footage 4,420
Net Rentable (SqFt) 4,420
Units 1
Cap Rate 8.24%
NOI $70,000
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 03/30/2030
Remaining Term 3.8
Rent Bumps Yes
Pro-Forma Cap Rate 8.24%
Pro-Forma NOI $70,000
Price per SqFt $192
Broker Co-Op No
Class B
Year Renovated 2023
Buildings 1
Stories 1
Lot Size (SqFt) 17,000
Parking Spaces 26 spaces
Parking Per SqFt 5.88
Investment Type Net Lease
Tenant Credit No Credit Rating
Lease Commencement 03/31/2025
Occupancy Date 03/31/2025
Sale Condition 1031 exchange

Second Generation Restaurant Building. Commercial Catering Kitchen

Marketing description

All systems operational, Commercial Catering Kitchen. Second Generation Restaurant Building. Can be used as Medical Office, Bank, Retail Storefront. All systems Operational.

Rapidly growing new-construction neighborhood.

Values are increasing quickly in this zone.

High Value Asset with large scale food production capacity.

Hard to find Second Generation Restaurant Space fully operational and in good condition.

  • Fully operational Restaurant/Commercial Kitchen/Cater
    Kitchen / Bakery / Meat Market/ Carniceria

  • Recently permitted with full Architecture and Engineering plans.

  • 32 Feet of VENT HOOD

  • 20ft x 20ft Walk-in Cooler

  • 7ft x 9ft Walk-in Freezer

  • HVAC Serviced, Fully Functioning

  • REFRIGERATION Equipment Serviced / Fully Functioning

  • NEW ROOF (2020) +/- $50,000 value

  • NEW Commercial Gas Meter 2psi installed (2023)

  • NEW Gas Water Heater install (2023) +/- $9,000 value.

  • NEW LED LIGHTING interior, and exterior LED Security Flood lights: +/-$9,000 value.

  • Two Dish Pits/ 3 Compartment Sink Zones

  • Tons of Prep space for large production kitchen, or shared kitchen.

  • Recently permitted with full Architecture and Engineering plans.

  • Tons of FOOD Prep and COLD STORAGE space for food production kitchen / shared kitchen.

Investment highlights

  • High Traffic Zone, close to Downtown/ Heights/ Near Northside

  • 5 min from i45 Freeway

  • 8min to i69/ HWY 59

  • Across from HCC Houston Community College,

  • Close to Large Retailers Walmart, Marshalls, Chick-Fil-A, McDonalds, Panda Express, and more

  • Rapidly Developing Neighborhood, new construction

  • Fully operational Restaurant / Commercial Kitchen / Cater
    Kitchen

  • Recently permitted with full Architecture and Engineering plans.

  • 32 Feet of Vent Hood, 20x20 walk-in Cooler, 8x9 walk-in

  • Freezer, (x2) 3 compartment sinks.

  • Tons of Prep space for food production kitchen, or shared kitchen.

Listing Contacts

DF
NewForm Real Estate
Listed by NewForm Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$70,000.00
$5,833.33/mo

Valuation Metrics

0
DSCR
8.24%
Cap Rate
8.24%
ROI

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Additional Information

Name
Daniel Feigelson
License
653356
Brokerage Address
3815 Montrose Blvd. Suite #101
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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