Listed by Trinity Real Estate Investment Services
$2,932,090
Brookshire Brothers Grocery
Details
Property Type Retail
Sub Type Grocery Store, Storefront
Square Footage 44,258
Cap Rate 6.75%
NOI $197,916
Occupancy 100%
Tenancy Single
Brand/Tenant Walmart, Kroger
Lease Type Absolute NNN
Lease Term 32.3
Lease Expiration 04/30/2031
Remaining Term 4.8
Rent Bumps Yes
Lease Options Two (2), 5-Year
Price per SqFt $66
Year Built 1991
Acreage 3.460
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/15/1999
Ground Lease No
Ownership Fee Simple
Retail | 6.75% CAP | 44,258 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Brookshire Brothers Grocery in Cleveland, TX. It is an absolute NNN lease with 5+ years remaining on current term. The subject property has proximity to major thoroughfares, including I-69.
Property Website: https://trinityreis.com/listing/603-e-houston-st/
Investment highlights
- Brookshire Brothers Grocery in Cleveland, TX With 5+ Years Remaining on Current Term
- Absolute NNN Lease With Zero Landlord Responsibilities
- Large 3.46-Acre Corner Lot at a Signalized Intersection With Combined Traffic Counts of Nearly 24,000 Vehicles Passing Daily
- Multiple Entry Points and Ample Parking for Customer Access and Convenience
- Proximity to Major Thoroughfares, Including I-69, Connecting Cleveland to the Greater Houston Region
- Strong Demographics With 17,000+ Residents Within a 5-Mile Radius and Projected 14.32% Growth Over the Next 5 Years
- Surrounded by Complementary Retailers, Enhancing Cross-Shopping and Customer Traffic Throughout the day
- Located in Rapid-Growth Cleveland, one of the Region's Fastest-Expanding Markets
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$197,916.00
$16,493.00/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
Map
Zoning
GC CommercialGeneral CommercialGeneral Commercial
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