Listed by Marcus & Millichap - San Diego
$4,808,963
EL MUELLE SEAFOOD | ABSOLUTE NNN GL | 2% INCREASES
Details
APN 0901680000003
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 9,000
Cap Rate 6.75%
NOI $324,605
Tenancy Single
Brand/Tenant El Muelle Seafood & Grill
Lease Type Absolute NNN
Lease Expiration 01/30/2034
Rent Bumps Yes
Class A
Year Built 1979
Year Renovated 2025
Stories 1
Acreage 1.310
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease Yes
Extremely Dense Houston Location | Absolute NNN
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310662/el-muelle
Investment highlights
- Absolute Net Ground Lease (Zero Landlord Responsibilities) featuring 2% Annual Rental Increases throughout the Initial Term and 10% throughout the Options.
- Prime Frontage along Southwest Freeway (US-59 / I-69) with Excellent Visibility and Direct Access, positioned within one of Houston’s Primary Commuter Corridors.
- Located within the Dense Gulfton / Sharpstown Submarket, one of Houston’s most Populated Trade Areas, providing a Large and Established Customer Base within Immediate Proximity to the Site.
- Tenant Recently Invested $2.4 Million in Building Improvements prior to Opening. El Muelle Seafood is a Growing Houston based Restaurant Concept with Multiple Locations, offering a High Volume Dining Experience that aligns with the Area’s Dense Population and Strong Demand for Food Concepts.
- Strategically positioned near Hillcroft Avenue and Bellaire Boulevard, two Major Commercial Corridors known for High Traffic Counts and a Concentration of Established Retail and Dining Concepts.
- Infill Houston Location within a Fully Built out Corridor with Limited New Development Opportunities. Densely Populated and Affluent Area features an Average Household Income of $102k+ and over 601k People residing within a 5 Mile Radius.
- Proximity to Major Retail Anchors including Plaza Americas Mall and surrounding Shopping Centers, driving Consistent Consumer Draw and reinforcing the Area as an Established Retail Destination.
- Strong Daytime Population supported by Nearby Retail, Office, and Service Uses, providing a Consistent Flow of Consumers throughout the Day and supporting Lunch and Evening Traffic Patterns. Located Minutes from Beltway 8 (Sam Houston Tollway), providing Regional Connectivity and allowing Easy Access from surrounding Houston Submarkets and Key Employment Hubs.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$324,605.00
$27,050.42/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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