Heartland Dental & Tropical Smoothie - Houston (Spring) TX
Newly Renovated | 10 Year Lease | 10% Increases Every Five
Marketing description
Introducing an enticing investment opportunity at 3135 Riley Fuzzel Road, Spring, Texas. This multi-tenant net lease property boasts two strong tenants – Heartland Dental and Tropical Smoothie Cafe, both signed to new 10-year leases with rental increases and a remodel scheduled for 2025. With a net operating income of $338,205 and a cap rate of 5.75%, this property provides stable and growing returns for investors. Situated in the vibrant Houston MSA and the Average Household Income exceeding $159,936 within a 1-mile radius. The tenants’ leases offer a promising future with 100% occupancy and options for extension, ensuring a steady income stream. Don't miss this chance to own a prime commercial property with strong lease terms in a high-traffic location.
Investment highlights
Brand New 10-Year Leases | Options To Extend | Scheduled 10% Rental Increases | 2025 Remodel
NNN Lease Structures | Minimal Landlord Responsibilities
Strong Frontage On State Hwy 99 | Minutes from I-45 (231,500 VPD)
Adjacent to Walmart Supercenter | Dense Retail Corridor
Strong Demographics In 5-mile Trade Area
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