Property History
Property Type
Property Type
Property Subtype
Marketing Description
- 25-Year Absolute NNN Leasehold with Large 12-15% Rental Increases Every 5 Years in Primary Term & Options
- Large Pad Site Located at Entrance of Brazos Town Center which is the 2nd Most Visited Power Center in Texas with Approximately 15.2M Visitors Per Year.
- Excellent Demographics - Approx. 131,435 Residents w/in 5 Mi. & Avg. HH Income of Almost $120,155
- Brazos Town Center is Home to Many National Tenants such as Kroger, Academy, Home Depot, Target, etc. which serves as the Main Retail Hub for the Surrounding Area.
Investment Highlights
- 25-Year Absolute NNN Leasehold Commenced in 2016. This includes rental increases of 12-15% throughout the primary term and options.
- Large Pad Site Located at Entrance of Brazos Town Center which is the 2nd Most Visited Power Center in Texas with Approximately 15.2M Visitors Per Year. Brazos Town Center is Home to Many National Tenants such as Kroger, Academy, Home Depot, Target, etc. which serves as the Main Retail Hub for the Surrounding Area.
- Excellent Traffic Counts Located on Interstate 69/Hwy 59 (75,600+ VPD). The area benefits from its proximity to major roads such as I-69, which is part of a larger interstate project aimed at creating a continuous highway from Mexico to Canada.
- High Growth Trade Area with Excellent Demographics - There are approximately 131,435 residents living within 5 miles of the property with an average household income of almost $120,155, providing a large and consistent consumer base.
- Anchored by Kroger, Academy Sports + Outdoors, & JCPenney and Across the Street from H-E-B, Target, & The Home Depot. Also positioned near other nationally recognized tenants such as Aldi, HomeGoods, McDonald’s, Wingstop, Starbucks, Chili’s, and many more.
- Located in the Houston MSA, the 4th Largest City in the U.S. and a Global Commerce Hub. Houston is the largest city in Texas with 7.3M+ residents, a $490B GDP, and the #1 U.S. ranking in exports. Home to 23 Fortune 500 companies, the Texas Medical Center, and two international airports serving 60M+ annual travelers, Houston remains one of the country’s most stable and sought-after investment markets.
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Property Details
Contacts
Listing removed on
BY:
Kyle Varni PRO
•••.•••.4189
••arni@••••••••••••••.com
Listing removed on
BY:
Graham Hickey
•••.•••.7411
•••ckey@••••••••••••••.com
Listing removed on
BY:
Ben Johnson
•••.•••.6441
••••nson@••••••••••••••.com
Listing removed on
BY:
Bob Moorhead PRO
•••.•••.7200
bob@••••••••••••••.com
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