Chiba Hot Pot | 2050 I-45
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Chiba Hot Pot 2050 I-45
6,660 SF Retail Building Conroe, TX 77301 £2,548,440 (£383/SF) 7% Net Initial Yield
Executive Summary
Chiba Hot Pot is a restaurant specializing in Hot Pot cuisine. It's a NNN Ground Lease for 10 years with two 5-year options.
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Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,660 SF
Building Class
C
Year Built
1984
Price
£2,548,440
Price Per SF
£383
Net Initial Yield
7%
NOI
£178,391
Tenancy
Single
Number of Floors
1
Building FAR
0.37
Lot Size
0.41 AC
Opportunity Zone
Yes
Zoning
1
Parking
75 Spaces (11.26 Spaces per 1,000 SF Leased)
Frontage
69 ft on I-45 Hwy
Amenities
- Freeway Visibility
- Pylon Sign
Nearby Major Retailers
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £3,392,343 | |
Land Assessment | £2,726,416 | Total Assessment | £6,118,759 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£2,726,416
Improvements Assessment
£3,392,343
Total Assessment
£6,118,759
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Chiba Hot Pot | 2050 I-45
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