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33430705
33430706

10311 I-45 N, Houston, TX 77037

MM
CA 01732226
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach
$9,237,000
1 day on market
Updated 1 day ago

Burlington | Houston, TX

Details
APN 1173810000001
Property Type Retail
Sub Type Shopping Center
Square Footage 30,498
Cap Rate 6.25%
NOI $577,327
Tenancy Single
Brand/Tenant Burlington Coat Factory
Lease Type NN
Lease Term 10
Lease Expiration 06/30/2036
Remaining Term 10.1
Rent Bumps Yes
Lease Options 4 (5-year)
Year Built 1999
Year Renovated 2026
Acreage 5.000
Parking Spaces 93 spaces
Parking Per SqFt 3.05
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 07/01/2026
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)

Retail | 6.25% CAP | 30,498 SqFt

Marketing description

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Burlington investment property located in Houston, Texas. The tenant, Burlington, recently signed a brand new 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features rental increases in year 6 and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.

Investment highlights

  • Burlington Corporate guaranteed lease
  • The tenant signed a new 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
  • The lease features rental increases in year 6 of the lease and at the beginning of each option period

Listing Contacts

MM
CA 01732226
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$577,327.00
$48,110.58/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Ryan Johnson
License
525292-B
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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