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Wells Fargo (Ground Lease) 6907 Fm 1960 Rd W

4,064 SF Retail Building Houston, TX 77069 £3,168,317 (£780/SF) 8.65% Net Initial Yield

Investment Highlights

  • Corporate Ground Lease With 1.6 Years Remaining
  • Wells Fargo has Three, 5-Year Options to Renew the Lease with Scheduled 10% Increases.
  • Wells Fargo has Been Operating at This Location More Than 18 Years
  • Excellent Access and Visibility on High Trafficked Retail Corridor, Where Traffic Counts Exceed 46,712 VPD

Executive Summary

Marcus & Millichap is pleased to present the opportunity to acquire a ground lease Wells Fargo in Houston, TX. The property consists of a 4,064-square-foot, freestanding building that sits on approximately 0.96 acres of land. There are 1.6 years remaining on the lease with 10% rental increases every five years.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
4,064 SF
Building Class
B
Year Built
2005
Price
£3,168,317
Price Per SF
£780
Net Initial Yield
8.65%
NOI
£274,059
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Lot Size
0.96 AC
Parking
24 Spaces (6 Spaces per 1,000 SF Leased)
Frontage
135 ft on Fm-1960 Rd

Amenities

  • Bus Route
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalised Intersection
  • Drive Thru

Links

1 of 1
Walk Score ®
Very Walkable (75)
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

Chase Bank
CommunityBank of Texas
Comerica
Freebirds World Burrito
Starbucks
Five Guys
Pappasito's Cantina
McAllisters
IHOP
Olive Garden

PROPERTY TAXES

Parcel Number 1289620010003 Improvements Assessment £709,832
Land Assessment £725,294 Total Assessment £1,435,126

PROPERTY TAXES

Parcel Number
1289620010003
Land Assessment
£725,294
Improvements Assessment
£709,832
Total Assessment
£1,435,126
(972) 755-5205

Contacts

  • Listing ID: 32785899

  • Date on Market: 13/08/2024

  • Last Updated:

  • Address: 6907 Fm 1960 Rd W, Houston, TX 77069

The Retail Property at 6907 Fm 1960 Rd W, Houston, TX 77069 is currently available for sale. Contact Knipp Wolf Net Lease Group | Marcus & Millichap for more information.

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© 2024 CoStar Group

Wells Fargo (Ground Lease) | 6907 Fm 1960 Rd W
(972) 755-5205 x

Wells Fargo (Ground Lease) | 6907 Fm 1960 Rd W

1/2

Vincent Knipp

(972) 755-5205

(972) 755-5205

Ryan Wolf

(970) 274-1689

(970) 274-1689

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