It is a freshly built store investment in one of the suburbs of Houston, Texas. Description
The total area of a single-storey building is 278 m².
The store has been constructed in 2016 with high-quality materials and now is in excellent overall condition.
The property is fully leased out to a major tenant.
Absolute income is 116,400 $.
The current yield of 5,7%.
The tenant is Verizon Wireless.
Verizon Wireless was founded in 2000 and now has more than 2,300 branches in the US. Company's turover exceeds $80 billion.
The NNN lease agreement is signed for 10 years until 2026 with extension options 2x5 years. There is an indexation of rental rates every 5 years.
All operating costs are borne by the tenant.
Location and nearby objects
The property is situated at the intersection of two retail corridors in the neighborhood with the new supermarkets and other retailers.
The daily traffic exceeds 25,000 vehicles.