Listed by ParaSell Inc, Hanley Investment Group
$2,040,000
Loan Star Title Loans | Houston, TX
Details
Property Type Retail
Sub Type Storefront
Square Footage 2,800
Net Rentable (SqFt) 2,800
Cap Rate 6.75%
NOI $137,900
Occupancy 100%
Rent Bumps No
Year Built 1982
Year Renovated 2007
Acreage 0.410
Ground Lease No
Single-Tenant Corporate Guaranteed Lease
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/Loanstar_Houston
Investment highlights
- Single-Tenant Corporate-Guaranteed Lease with Loan Star
- Lease guaranteed by Wellshire Financial Services, LLC, the operating entity behind Loan Star Title Loans, MoneyMax Title Loans, and LoanMax brands
- Wellshire is part of Select Management Resources, operating 500 title lending locations across 20 states since 1990
- Loan Star, which has operated for 36 years, has 95 locations in Texas, including 54 in the Houston metro area
- Successfully operated at this location since 2007
- Extended lease by 10 years in 2022
- #1 Loan Star within a 15-mile radius (Placer.ai)
- Freestanding Pad to dd’s Discounts, Dollar General, and a Local Grocer
- Signalized Hard Corner at Beechnut Street & Wilcrest Drive (43,000 CPD)
- Close Proximity to Highway 8 (Sam Houston Tollway) with 114,000 CPD
- Affluent Demographics; 521,500 People in 5-Mile Radius; $82,000 AHHI
- Located in Houston; #1 in the U.S. for Population Growth; 4th Most Populous City in America
Listing Contacts
Listed by ParaSell Inc, Hanley Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$137,900.00
$11,491.67/mo
Valuation Metrics
0
DSCR
6.76%
Cap Rate
6.76%
ROI
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