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CORP. FAST CASUAL MEX. RESTAURANT W/ DR-THRU 3000 Woodridge Dr

4,614 SF Retail Building Houston, TX 77087 £3,006,225 (£652/SF) 8% Net Initial Yield

Investment Highlights

  • Absolute Net Lease Featuring Above Average Increases (Greater of 15% or CPI) at Each Option. 13+ Year Historical Occupancy.
  • Nearby On/Off Ramp Access to both Interstate-610 (180k+ VPD) and Interstate-45 (196k+ VPD), two Heavily Traveled Commuter Thoroughfares.
  • Pad Site to Lowe’s & Adjacent to Gulfgate Center - a 805k+ SF Power Center anchored by H-E-B, Lowe’s Home Improvement, Marshalls, Ross, etc
  • Positioned Along Area’s Major Retail & Traffic Corridor: Equipped with a large Pylon Sign - Features Excellent Visibility & Easy Access.
  • Excellent Demographics - Densely Populated Area: Features 327k+ People Residing within a 5-Mile Radius. 1.9k+ Apartment Units within 1-Mile Radius.
  • Site is located within the Opportunity Zone - An Investment Program that Offers Tax Incentives through a Qualified Opportunity Fund.

Executive Summary

Corp. Taco Palenque w/ Drive-Thru | Absolute Net Lease | Rare Above Average Increases | 13+ Year Historical Occupancy | Signalized Hard Corner | Large Pylon Sign | Near I-610 & I-45 | Densely Populated Area | Pad Site to Lowe’s & Adjacent to H-E-B Anchored Power Center | Minutes from University of Houston | Opportunity Zone

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,614 SF
Building Class
C
Year Built
1986
Price
£3,006,225
Price Per SF
£652
Net Initial Yield
8%
NOI
£240,498
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Land Acres
0.76 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
None
Parking
34 Spaces (7.37 Spaces per 1,000 SF Leased)
Frontage
112 ft on Woodridge Dr

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signalised Intersection
  • Drive Thru

Links

1 of 1
Walk Score ®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Bank of America
Starbucks
Mod Pizza
H-E-B
El Ahorro Supermarket
Chase
IHOP
Denny's
Comerica
Pappas Bar-B-Q

PROPERTY TAXES

Parcel Number 0450660010121 Improvements Assessment £399,715
Land Assessment £0 Total Assessment £399,715

PROPERTY TAXES

Parcel Number
0450660010121
Land Assessment
£0
Improvements Assessment
£399,715
Total Assessment
£399,715
(858) 373-3184

  • Listing ID: 31346762

  • Date on Market: 27/03/2024

  • Last Updated:

  • Address: 3000 Woodridge Dr, Houston, TX 77087

The Retail Property at 3000 Woodridge Dr, Houston, TX 77087 is currently available For Sale. Contact The Mansour Group of Marcus & Millichap for more information.

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© 2024 CoStar Group

CORP. FAST CASUAL MEX. RESTAURANT W/ DR-THRU | 3000 Woodridge Dr
(858) 373-3184 x

CORP. FAST CASUAL MEX. RESTAURANT W/ DR-THRU | 3000 Woodridge Dr

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Alvin Mansour

(858) 373-3184

(858) 373-3184

Jon Talia

(858) 373-3186

(858) 373-3186

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