SAM'S GROCERY | 15743 Lee Rd
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SAM'S GROCERY 15743 Lee Rd
2,500 SF Retail Building Houston, TX 77032 £369,708 (£148/SF) 8% Net Initial Yield
Investment Highlights
- LONG TERM LEASE – The current lease term has ±7 years remaining.
- NO LANDLORD RESPONSIBILITIES – The current tenant is on a NNN lease, meaning no landlord responsibilities.
- SOLID DEMOGRAPHICS – Over 148,361 People in a 5-Mile Radius.
- LOW RENT – Current rent is at $15 PSF.
- 24 HOUR STORE FORMAT – The store is open 24 Hour which boosts store sales.
- SOLID POPULATION GROWTH – 9.36% Annual Population Growth projected in the next 5 years.
Executive Summary
Broker of Record
Patrick Graham
License No. 678067 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Simon Assaf (In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)
Patrick Graham
License No. 678067 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Simon Assaf (In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,500 SF
Building Class
C
Year Built
1950
Price
£369,708
Price Per SF
£148
Net Initial Yield
8%
NOI
£29,577
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Lot Size
0.31 AC
Parking
5 Spaces
Frontage
64 ft on Lee Road
PROPERTY TAXES
| Parcel Number | 0720240000001 | Improvements Assessment | £62,871 |
| Land Assessment | £77,228 | Total Assessment | £140,099 |
PROPERTY TAXES
Parcel Number
0720240000001
Land Assessment
£77,228
Improvements Assessment
£62,871
Total Assessment
£140,099
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SAM'S GROCERY | 15743 Lee Rd
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