$1,030,000
Turn Key Restaurant Space
Details
APN 0431500130040
Property Type Retail
Sub Type Restaurant, Bar
Square Footage 3,108
Units 36
Cap Rate 7.25%
NOI $74,675
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5.2
Lease Expiration 02/28/2029
Remaining Term 2.6
Rent Bumps Yes
Pro-Forma Cap Rate 7.25%
Class B
Year Built 1984
Stories 1
Lot Size (SqFt) 25,752
Zoning Commercial- Food Service
Parking Spaces 36 spaces
Parking per 1,000 SqFt 11.58
Investment Type Net Lease
Lease Commencement 01/01/2024
Ground Lease No
100% Leased | 3,108 Sqft
Marketing description
This presents a compelling investment prospect: a NNN lease asset situated on First St in Humble. Currently in a five-year lease, the tenant's performance has been exceptional, underscoring the promising nature of this site. Positioned amidst vibrant commercial activity, the property offers significant potential for long-term growth. Meticulously maintained by the owner with numerous updates, this opportunity is being offered with a blended rate at a 7.25% capitalization rate.
Investment highlights
- Recently Updated
- Located on Main Ave
- Very Open Concept
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,675.00
$6,222.92/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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Property History
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