3486 DISCOVERY CREEK BLVD Spring TX 77386-7116

Marcus & Millichap is pleased to present a freestanding The Republic Grille located at 3486 Discovery Creek Blvd in Spring, Texas, positioned within the affluent Spring/The Woodlands submarket of the Greater Houston MSA and just three miles from ExxonMobil's 385-acre corporate headquarters.​ The property will be secured by a brand-new 20-year absolute NNN lease commencing at close of escrow, offering investors zero landlord responsibilities and fully passive income, with the tenant maintaining an extremely low rent-to-sales ratio and a strong approximate 2.50x EBITDAR coverage ratio.​

The ±6,198 SF building, plus a ±1,620 SF patio, sits on a ±0.95 acre lot built in 2020 with high-quality construction, strong visibility, and ample onsite parking.​ Located near H-E-B, Walmart, Target, Costco, and the Woodlands medical corridor, and surrounded by affluent master-planned communities including Harmony, Benders Landing, Imperial Oaks, and The Woodlands, the site draws from a dense, high-income residential base with average household income of approximately $176,000 within a one-mile radius.​ With scheduled 2% annual rent increases, four five-year renewal options, and an award-winning regional restaurant brand, this offering provides long-term, inflation-protected cash flow in one of Houston's fastest-growing residential corridors.​

• ​New 20-Year Absolute NNN Lease Commencing at Close of Escrow w/ Zero Landlord Responsibilities

• ​Extremely Low Rent-to-Sales Ratio and Strong Approximate 2.50x EBITDAR Coverage Ratio

• ​2% Annual Rent Increases Plus Four (4) Five-Year Renewal Options for Up to 20 Additional Years

• ​Newer High-Quality 2020 Construction, ±6,198 SF Building Plus ±1,620 SF Patio on ±0.95 Acres

• ​Located in the Affluent Spring/The Woodlands Submarket With ~$176K Average Household Income Within 1-Mile

• ​Just 3 Miles From ExxonMobil's 385-Acre Corporate Headquarters (10,000-Person Campus)

• ​Near H-E-B, Walmart, Target, Costco, and the Woodlands Medical Corridor, Surrounded by Affluent Master-Planned Communities

• ​Award-Winning Texas Restaurant Brand Recognized by Tripadvisor Travelers' Choice and OpenTable Diners' Choice

Marcus & Millichap is pleased to present a freestanding The Republic Grille located at 3486 Discovery Creek Blvd in Spring, Texas, positioned within the affluent Spring/The Woodlands submarket of the Greater Houston MSA and just three miles from ExxonMobil's 385-acre corporate headquarters.​ The property will be secured by a brand-new 20-year absolute NNN lease commencing at close of escrow, offering investors zero landlord responsibilities and fully passive income, with the tenant maintaining an extremely low rent-to-sales ratio and a strong approximate 2.50x EBITDAR coverage ratio.​

The ±6,198 SF building, plus a ±1,620 SF patio, sits on a ±0.95 acre lot built in 2020 with high-quality construction, strong visibility, and ample onsite parking.​ Located near H-E-B, Walmart, Target, Costco, and the Woodlands medical corridor, and surrounded by affluent master-planned communities including Harmony, Benders Landing, Imperial Oaks, and The Woodlands, the site draws from a dense, high-income residential base with average household income of approximately $176,000 within a one-mile radius.​ With scheduled 2% annual rent increases, four five-year renewal options, and an award-winning regional restaurant brand, this offering provides long-term, inflation-protected cash flow in one of Houston's fastest-growing residential corridors.​

• New 20-Year Absolute NNN Lease Commencing at Close of Escrow w/ Zero Landlord Responsibilities

• Extremely Low Rent-to-Sales Ratio and Strong Approximate 2.50x EBITDAR Coverage Ratio

• 2% Annual Rent Increases Plus Four (4) Five-Year Renewal Options for Up to 20 Additional Years

• Newer High-Quality 2020 Construction, ±6,198 SF Building Plus ±1,620 SF Patio on ±0.95 Acres

• Located in the Affluent Spring/The Woodlands Submarket With ~$176K Average Household Income Within 1-Mile

• Just 3 Miles From ExxonMobil's 385-Acre Corporate Headquarters (10,000-Person Campus)

• Near H-E-B, Walmart, Target, Costco, and the Woodlands Medical Corridor, Surrounded by Affluent Master-Planned Communities

• Award-Winning Texas Restaurant Brand Recognized by Tripadvisor Travelers' Choice and OpenTable Diners' Choice