Black Bear Diner
6.25% CAP | Brand New Construction
Marketing description
Brand New Construction, 15-Year Absolute NNN Corporate Lease with 10% Rental Increases Every 5 Years, In Primary Term & Option Periods, Plus (4), 5-Year Options to Renew.
Located on the NWC of Interstate 10 (93,000+ VPD) and John Martin Road (9,200+ VPD), Just 20 Miles East of Downtown Houston.
Conveniently Situated off of a Heavily-Trafficked Exit from I-10, Right Across from a Buc-ee's Convenience Store, and Next Door to Chick-fil-A and 7-Eleven.
Less than Half a Mile from San Jacinto Marketplace, a 1.1M+ SF Shopping Center Currently Under Development
Investment highlights
Brand New Construction, 15-Year Absolute NNN Corporate Lease with 10% Rental Increases Every 5 Years, In Primary Term & Option Periods, Plus (4), 5-Year Options to Renew.
Subject Property is Located on the NWC of Interstate 10 (93,000+ VPD) and John Martin Road (9,200+ VPD), just 20 miles east of Downtown Houston.
Conveniently Situated off of a Heavily-Trafficked Exit from I-10, right across from a Buc-ee's Convenience Store, next door to Chick-fil-A and 7-Eleven, and near H-E-B, Academy, Marshalls, Kroger, several car dealerships, and much more.
This Site is Less than Half a Mile from San Jacinto Marketplace, which is currently under development. This new 1.1M+ sq. ft. retail, entertainment, and dining center is replacing the San Jacinto Mall and is set to cover 105 acres.
This Area Benefits from the Strong Demographics and High Spending Power. There are 96,316 residents living within a 5-mile radius, which is estimated to reach 103,000+ by 2028, and an average household income of $91,087.
Baytown, Texas is Located in the Houston-Sugar Land-Baytown Metropolitan Area. It is the 4th largest city in the MSA and is close to Houston and the Galveston Bay area, giving residents easy access to both big-city amenities and coastal attractions.
Known for Its Breakfast and Lunch Offerings but also Serving Dinner, Black Bear Diner has 156 Locations Open. They have 14 new restaurants planned for 2024 and have set their sights on becoming a national brand.
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