Property History
• Passive Investment Opportunity – ±13.75 years remaining on an ABS NNN lease with Red Lobster
• Attractive Annual Rental Increases – 2.00% rental increases annually.
• Densely Populated Area – ±82,000 in a 3-mile radius, ±192,000 in a 5-mile radius, ±630,000 in a 10-mile radius.
• Location and Accessibility – Excellent visibility with high traffic counts on W Bay Area Blvd exceeding ±37,300 vehicles per day (VPD) and close proximity to I-45, which sees ±127,000 VPD. This major highway is the critical artery connecting Dallas to Houston, ensuring high accessibility and customer flow.
• Booming Developmental Growth – Significant developments include the Sunset Amphitheater Houston, a $150 million, 34-acre, 12,500 seat amphitheater and hotel project; a planned IKEA opening in summer 2026; and the Midline Development, a master-planned community with over 2,800 homes, etc.
• Affluent Area in Houston – The area boasts a high average household income, exceeding $113,000 within a 5-mile radius.
• Incredible Retail Synergy – The location benefits from proximity to the Baybrook Mall, a regional supermall with over 200 retailers, and other major shopping centers anchored by national credit tenants such as Costco, Target, Chick-fil-a, Olive Garden, Raising Cane’s, Starbucks, and Chipotle.
• Growing Houston Market – Houston is the 5th Largest MSA in the United States, boasting a population over 7.8 million. In addition to being one of the nation’s fastest-growing metros, the continued growth outlook enhances the investment’s long-term potential.
• Income Tax-Free State – Texas is an income tax-free state, offering advantageous conditions for investors seeking tax-efficient opportunities.
• Passive Investment Opportunity – ±13.75 years remaining on an ABS NNN lease with Red Lobster
• Attractive Annual Rental Increases – 2.00% rental increases annually.
• Densely Populated Area – ±82,000 in a 3-mile radius, ±192,000 in a 5-mile radius, ±630,000 in a 10-mile radius.
• Location and Accessibility – Excellent visibility with high traffic counts on W Bay Area Blvd exceeding ±37,300 vehicles per day (VPD) and close proximity to I-45, which sees ±127,000 VPD. This major highway is the critical artery connecting Dallas to Houston, ensuring high accessibility and customer flow.
• Booming Developmental Growth – Significant developments include the Sunset Amphitheater Houston, a $150 million, 34-acre, 12,500 seat amphitheater and hotel project; a planned IKEA opening in summer 2026; and the Midline Development, a master-planned community with over 2,800 homes, etc.
• Affluent Area in Houston – The area boasts a high average household income, exceeding $113,000 within a 5-mile radius.
• Incredible Retail Synergy – The location benefits from proximity to the Baybrook Mall, a regional supermall with over 200 retailers, and other major shopping centers anchored by national credit tenants such as Costco, Target, Chick-fil-a, Olive Garden, Raising Cane’s, Starbucks, and Chipotle.
• Growing Houston Market – Houston is the 5th Largest MSA in the United States, boasting a population over 7.8 million. In addition to being one of the nation’s fastest-growing metros, the continued growth outlook enhances the investment’s long-term potential.
• Income Tax-Free State – Texas is an income tax-free state, offering advantageous conditions for investors seeking tax-efficient opportunities.
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Zoning
Property Details
Contacts
Map
Comparable Properties
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