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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.

Data Room Click Here to Access

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

Woodforest National Bank
Taco Bueno
Starbucks
Texas Roadhouse
MOD Pizza
Rent-A-Center
First Bank
Regions Bank
Casa Ole
Chili's Grill & Bar

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 7923-00-00710
  • 7923-00-00700
Land Assessment
£2,726,416
Improvements Assessment
£3,392,343
Total Assessment
£6,118,759
  • Listing ID: 31730421

  • Date on Market: 07/05/2024

  • Last Updated:

  • Address: 2050 I-45, Conroe, TX 77301

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