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
Graham@stream-cp.com

Connor Shell

Managing Director
407 913 9009
connor@stream-cp.com

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com

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

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