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Take 5 Oil Change
1624 Spencer Hwy, South Houston, TX
Property Information
Price Summary
$ 1,948,570
Cap Rate
5.25 %
NOI
$ 102,300
Total Lot Size
0.55 Acres
Building Size
2,370 SF
Property Highlights
- Houston MSA Take 5 Oil Change With 9+ Years Remaining on Current Term
- Corporately Guaranteed Absolute NNN With 10% Rental Increases That Occur Every 5 Years, With Next Increase on 1/28/2030
- Extremely Dense Demographics with 162,000 Residents in a 3-Mile Radius and Growing at a 1.10% Annual Growth Rate
- High Visible Frontage on Spencer Hwy With Nearly 31,000 Vehicles Passing Daily With Two Points of Ingress/Egress and Designated Left Turn Lane.
- Spencer Hwy is a Core East-West Corridor, Linking South Houston, Pasadena, Deer Park, and La Porte With Substantial Retail and Residential Growth
- Located in Dense Retail Corridor Anchored by Mi Tienda (HEB), Fiesta Mart, Food Town, and More
- Strong Built in Customer Base – Surrounded by Several Apartment Complexes, Including Newly Built $11M Territory at Genoa, and Several Schools
- Situated on 0.55 AC With Large 3-Bay Take 5 Build & Below-Market Rent Provides Security and Strong Covered Land Play Potential
- Take 5 Oil Change
- 1624 Spencer Hwy, South Houston, TX 77587
Point of Contact
Austin Walsh
Director
Gunnar Edlund
Associate Director
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