3734 Westheimer Rd, Houston, TX 77027 For Sale

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, 2-tenant investment property located in Houston, Texas. The tenant lineup is comprised of Home Bank (NASDAQ: HBCP) and Cyclone Anaya’s Tex-Mex Kitchen and has a weighted average lease term (WALT) 3.8 years remaining. Both leases feature scheduled rental increases, and Both are NNN in nature, limiting expense leakage and creating a hedge against inflation for a future investor. Home Bank’s deposits for 7/1/2024 – 6/30/2025 were $42.72M.

The asset is located near the signalized hard corner intersection of Wesleyan Street and Westheimer Road which supports more than 49,800 vehicles per day. The site also benefits from nearby access to Interstate 610 (203,500 VPD) and Interstate 69 (263,500 VPD), making this an ideal centralized location with easy commutes. The asset is located just north of Greenway Commons, a 245,000 SF power center anchored by Costco and LA Fitness. Other nearby national/credit tenants include Target, Walmart Supercenter, Home Depot, Kroger, Trader Joes, Best Buy, Burlington, TJ Maxx, and more. Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site. The site is adjacent to NOVEL River Oaks (326 units) and within walking distance from The Gael (210 units), The Essex House (135 units), and more, providing a direct residential consumer base from which to draw. The 5-mile subject trade area is supported by more than 527,000 residents and 714,000 daytime employees. Residents within a 3-mile radius boast extremely affluent average household incomes of more than $198,000.