Listed by Marcus & Millichap - San Diego
$3,102,041
CHIBA HOT POT - POPULAR ALL-YOU-CAN-EAT DINING | NNN GROUND
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 6,864
Cap Rate 7.35%
NOI $228,000
Tenancy Single
Brand/Tenant Chiba Hot Pot
Lease Type Absolute NNN
Lease Expiration 06/30/2034
Remaining Term 8.1
Rent Bumps Yes
Class A
Year Built 1984
Year Renovated 2025
Acreage 0.410
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease Yes
Retail | 7.35% CAP | 6,864 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310660/chiba-hot-pot
Investment highlights
- Long Term Absolute Net Ground Lease (Zero Landlord Responsibilities) featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Recently Invested over $1.5M in Renovations.
- Prime Location along Interstate 45 with Strong Traffic Counts and Excellent Visibility, positioned within Conroe’s Primary Retail Corridor near Loop 336 and FM 3083.
- Interstate 45 Captures High Volume Daily Commuter Traffic between Houston, Conroe, and The Woodlands, providing Exceptional Visibility, Consistent Consumer Exposure, and Direct Access.
- Chiba Hot Pot is a Popular All-You-Can-Eat Dining Destination Offering an Interactive Experience where Fresh Ingredients are Delivered to each Table by a Unique Train Conveyor System Circling the Restaurant.
- Within a Hobby Lobby and Northern Tool + Equipment Retail Center. Strategically Positioned within Conroe’s Primary Retail Corridor surrounded by National Tenants including Target, Walmart Supercenter, Lowe’s Home Improvement, and Academy Sports + Outdoors Driving Consistent Consumer Traffic.
- Located Just North of The Woodlands: The Most Prosperous Suburb of Houston - Celebrated for its Blend of Natural Beauty, High Quality of Life, & Robust Community Infrastructure.
- Surrounded by Dense Residential Growth with Thousands of New Housing Units delivered and Under Construction throughout Conroe and Montgomery County, One of the Fastest Growing Counties in the United States.
- Benefiting from Strong Daytime Population supported by Nearby Office Users, Medical Facilities, Retail Employment Hubs, and Industrial Distribution Centers throughout the Greater Conroe and North Houston Submarket. Densely Populated and Affluent Area: Features an Average Household Income of $94k+ and over 102k People Residing within a 5-Mile Radius. Conroe is one of the fastest growing cities in the U.S. - Population has more than doubled since 2000 and Continues to Grow at Record Speeds.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$228,000.00
$19,000.00/mo
Valuation Metrics
0
DSCR
7.35%
Cap Rate
7.35%
ROI
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