Brand new store in the outskirts of Houston

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Brand new store in the outskirts of Houston

2,025,000 $
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Total area: 278 m² Yield: 5.7% Built in 2016
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Features
  • Operating Incomе: 104,527 €
  • 1-floor building
  • Occupancy: 100%

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.

Financial performance

Absolute income is 116,400 $.

The current yield of 5,7%.

Tenants

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

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.

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Irina Kunitsyna
Real Estate Expert Tranio in Houston
+44 20 3608 1267
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