Whataburger | Houston, TX
1 - Mile From H-E-B Anchored Center | 8+ Yr. Remaining | 10% Increases Every Five
Marketing description
Introducing an exceptional investment opportunity in the heart of Houston, Texas - 6405 San Felipe Street! This single-tenant absolute NNN property boasts over 8 years remaining on the lease with scheduled rental increases and options to extend, providing a secure and lucrative investment for passive investors. The corporate lease is by Whataburger Restaurants, LLC, ensuring stability and growth for the future. Situated in a prime location within a dense retail corridor near Tanglewood Court and Westheimer Crossing, this property benefits from a high-traffic area with strong national/credit retailers, attracting steady foot traffic and enhancing cross-shopping opportunities. With a fee simple ownership structure and the tenant responsible for all aspects of the property, this is an ideal, low-maintenance investment opportunity. Featuring extremely dense demographics in the 5-mile trade area with high household incomes, this property presents a compelling investment proposition with a net operating income of $292,621 and a cap rate of 5.42%.
Investment highlights
8+ Years Remaining | Options To Extend | Scheduled Rental Increases
Absolute NNN | Fee Simple Ownership
Tanglewood Court | Westheimer Crossing | Dense Retail Corridor
Extremely Dense Demographics In 5-Mile Trade Area
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