Comerica Bank

6333 FTM 1960 Rd W, Houston, TX
Deal Type:
Net Lease
Price:
$4,085,872
Cap Rate:
5.50%
Current Rent:
$224,723
Lease Type:
Ground Lease
Landlord Responsibilities:
None
Renewal Options:
Three, 10-year options
Building Sq. Ft.:
7,524 SF
Rent Increases:
8% every 5-years
Site Size:
1.30 Acres

Investment Highlights

  • Absolute NNN Ground Lease with 3, 10-year options with 8% rent increases every 5 years
  • Investment Grade Credit Tenant (S&P: A-)
  • 15+ years of historical tenancy at the site with strong deposits of $152mm
  • Established trade area featuring Costco, Sam’s Club, Target, REI, Best Buy, Chick-fil-A, Whataburger, and more
  • Affluent customer base with average household incomes in excess of $130,000 within 1 mile
  • Situated at a signalized intersection with exposure to 27,000 VPD
  • 1.3 acre site equipped with 6 drive-thru banking lanes

Listing Agents

Graham Gold

Vice President
314 324 8792
[email protected]

Connor Shell

Managing Director
407 913 9009
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

In Association with ParaSell, Inc. | A Licensed Texas Broker #9009637

Download Offering Memorandum

Please enter your first name, last name, email address and phone number in the text boxes. Please also indicate whether you are a Buyer or Broker. Once the form is submitted the offering memorandum will be emailed to you.

    Are you a buyer or broker?

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.







    X

    Request Due Diligence Access

    Please fill out and submit the form below to request access to due diligence for this property. If you agree with the terms of the NDA, please check the "Approve NDA" box and submit. By submitting this form, you agree to the Terms and Conditions of the Confidentiality Agreement.

    If you would like to modify the NDA, please download the Word version, make your changes, and attach the revised version to the form or email it to [email protected].

    Once we receive your NDA, we will contact you with login information.

    View/Download NDA in Word format

      If you have made changes to the Word version of the NDA, please attach it here

      This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.






      View All Listings