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34428684
34428683

2720 FM 1092, Missouri City, TX 77459 For Sale

CP
TX TX 763861
ReMax Commercial Real Estate Advisors
ReMax Commercial Real Estate Advisors
Listed by ReMax Commercial Real Estate Advisors
$5,200,000
5 days on market
Updated 5 days ago

2720 FM 1092

Details
Property Type Retail
Sub Type Restaurant
Square Footage 9,550
Cap Rate 7.00%
NOI $362,900
Occupancy 100%
Tenancy Single
Lease Type NNN
Rent Bumps Yes
Price per SqFt $545
Class B
Buildings 1
Investment Type Stabilized

Retail | 7.00% CAP | 9,550 SqFt

Marketing description

This investment opportunity features a fully stabilized, income-producing commercial property located at 2720 FM 1092, Missouri City, TX 77459. The property consists of a ±9,500 SF freestanding restaurant building leased to a well-established Mexican restaurant with strong local brand recognition and consistent customer traffic.

The property is leased on a long-term NNN basis at $38.00/SF, providing investors with predictable passive income and minimal landlord responsibilities. Strategically positioned along the high-traffic FM 1092 corridor within a dense residential trade area, the property benefits from strong surrounding demographics, excellent visibility and accessibility, and proximity to major demand drivers, including Quail Valley Golf Course. The offering includes the real estate only and presents an attractive opportunity to acquire a stabilized, single-tenant NNN investment with an established restaurant tenant in the growing Missouri City market.

2720 FM 1092 is a ±9,500 SF single-tenant restaurant leased on an NNN basis to Johnny Tamales, a sub-brand of the well-known Gringo's. Johnny Tamales is a highly established and consistently high-performing restaurant. The lease is stabilized at $38.00/SF, generating a Year 1 NOI of $361,000, with an opinion of value for the real estate at $5,157,000 based on a 7.00% capitalization rate. In addition to the underlying real estate, the tenant's successful business operation—including FF&E and goodwill—adds an estimated $1,343,000 in going-concern value. A true staple in the Missouri City community, Johnny Tamales enjoys strong local patronage while also attracting regional traffic from the prestigious Quail Valley Golf Course, enhancing both its visibility and long-term business sustainability. This property offers investors a unique opportunity to acquire a stabilized, income-producing asset with added intrinsic value tied to a thriving tenant business.

The subject property represents a stable, Class B retail investment with a strong community presence in the heart of Missouri City. Offered at $5,200,000, the investment consists solely of the income-producing real estate, which is leased to a well-established Mexican restaurant tenant.

The property benefits from a recognizable and high-performing restaurant tenant with a consistent customer base, strong brand identity, and deep ties to the local community. Its proximity to key demand drivers, including Quail Valley Golf Course, enhances visibility and attracts both neighborhood patrons and destination traffic.

The asset provides durable and predictable cash flow through a long-term NNN lease structure, offering investors passive income with minimal landlord responsibilities. Positioned within the growing Fort Bend County submarket, the property presents an attractive opportunity to acquire a stabilized, single-tenant retail investment with long-term income stability and potential upside from continued population and retail demand growth.

Investment highlights

  • Fully stabilized, income-producing commercial property
  • ±9,500 SF freestanding restaurant building
  • Leased to well-established Mexican restaurant with strong local brand recognition
  • Long-term NNN lease at $38.00/SF
  • Predictable passive income with minimal landlord responsibilities
  • High-traffic FM 1092 corridor with ±48,000 vehicles per day
  • Strong surrounding demographics with median income of $132,758
  • Excellent visibility and accessibility
  • Proximity to Quail Valley Golf Course
  • Single-tenant NNN investment
  • Stabilized lease generating Year 1 NOI of $361,000
  • Class B retail investment
  • Strong community presence
  • Annual rent escalations from $38.00/SF to $42.50/SF over 10 years
  • Growing Fort Bend County submarket

Listing Contacts

CP
TX TX 763861
ReMax Commercial Real Estate Advisors
ReMax Commercial Real Estate Advisors
Listed by ReMax Commercial Real Estate Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$362,900.00
$30,241.67/mo

Valuation Metrics

0
DSCR
6.98%
Cap Rate
6.98%
ROI

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Additional Information

Name
Charles Patawaran, CCIM
License
TX 763861
Brokerage
Gatsby Advisors Brokerage
Brokerage Phone
8328994389
Brokerage Address
5251 Westheimer Road
Name
Michael Shanks, CPM
License
836046
Brokerage
Gatsby Advisors
Brokerage Phone
(832) 899-4389
Title
Managing Director, Retail Advisory
Brokerage Address
5251 Westheimer Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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