Listed by Matthews
$1,811,000
Napa Auto Parts
Details
Property Type Retail
Square Footage 6,000
Cap Rate 6.25%
NOI $113,231
Price per SqFt $302
Year Built 2008
Acreage 0.900
Ground Lease No
Absolute NNN Napa Auto Parts – High-Traffic Houston MSA Location with Upside
Investment highlights
- Passive Investment Structure: Offers investors a hands-off ownership opportunity with no landlord management responsibilities.
- High-Visibility Location: Positioned along a corridor with strong traffic counts of approximately 37,300 vehicles per day.
- Near-Term Lease Expiration: Upcoming lease expiration creates potential upside through renewal negotiations, lease restructuring, or future repositioning.
- Strong Area Demographics: Supported by an average household income of $109,541 within a 10-mile radius.
- Dense Surrounding Population: Benefits from a sizable consumer base of 908,980 residents within a 10-mile radius.
- Established Tenant Operating History: Tenant has operated at the location since 2008, demonstrating long-term commitment and historical performance at the site.
- Houston MSA Location: Situated within the Houston Metropolitan Statistical Area, one of the largest and most economically significant regions in the United States, supporting long-term demand fundamentals.
- Spring, TX Growth Submarket: Located in the rapidly expanding Spring submarket, characterized by ongoing residential and commercial development contributing to increasing population and economic activity.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$113,231.00
$9,435.92/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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