Listed by Marcus & Millichap - San Diego
$1,840,000
SMALLS SLIDERS | NNN GROUND LEASE | EXCELLENT REAL ESTATE
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 800
Cap Rate 6.25%
NOI $115,000
Tenancy Single
Brand/Tenant Chick-fil-A, Raising Cane's
Lease Type Absolute NNN
Lease Expiration 04/30/2040
Remaining Term 13.9
Rent Bumps Yes
Price per SqFt $2,300
Class A
Year Built 2025
Acreage 0.480
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease Yes
Retail | 6.25% CAP | 800 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310658/smalls-sliders
Investment highlights
- Long Term Absolute Net Ground Lease (Zero Landlord Responsibilities) featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2025 Construction.
- Prime Location along Gessner Road with Strong Traffic Counts and Immediate Visibility, positioned within a Dense Retail Corridor near Interstate 10 and Beltway 8.
- Houston Infill – Densely Populated and Affluent Area: Features an Average Household Income of more than $127k within a 3 Mile Radius and over 380k People Residing within a 5 Mile Radius.
- Immediate Access to Interstate 10 (Katy Freeway) and Sam Houston Tollway (Beltway 8), two of Houston’s most Heavily Traveled Corridors Facilitating Seamless Connectivity to Downtown Houston, Energy Corridor, and Katy.
- Smalls Sliders is a Rapidly Expanding Fast Casual Burger Concept Founded in 2019, featuring Modular “Can” Design Units and a Streamlined Menu, with over 375 Locations Open or in Development Driving Strong National Growth.
- Down the Street from Memorial City Mall featuring Nordstrom, Macy’s, Dillard’s, Apple Store, and High Performing Dining Concepts, Serving as a Major Regional Retail Destination Drawing Shoppers from Across Greater Houston.
- Close Proximity to CityCentre Houston, a Premier Mixed Use Development Anchored by Class A Office, Luxury Residential, Lifetime Fitness, and High End Dining including Capital Grille and Eddie V’s Driving Day and Night Traffic.
- Located Near Houston’s Energy Corridor Along Interstate 10 - Home to Major Employers including ExxonMobil, Shell, BP, ConocoPhillips, CITGO, and Schlumberger Supporting a Large Base of High Income Professionals. Strong Daytime Population Driven by Nearby Office Developments including Memorial City Towers, Energy Corridor Office Campuses, and CityCentre Office Buildings Providing Consistent Weekday Lunch and Evening Traffic.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$115,000.00
$9,583.33/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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