![Building Photo](https://images1.loopnet.com/i2/aZwR7bXUvUBR9HSXHq4W61UBMIk93OlVt9ohFxmCkow/112/image.jpg)
RAIN HTX | NNN Investment Opportunity | 5701 Washington Ave
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RAIN HTX | NNN Investment Opportunity 5701 Washington Ave
6,942 SF 100% Leased Retail Building Houston, TX 77007 $4,628,000 ($667/SF) 7% Cap Rate
![5701 Washington Ave, Houston, TX for sale - Building Photo - Image 1 of 4](https://images1.loopnet.com/i2/aZwR7bXUvUBR9HSXHq4W61UBMIk93OlVt9ohFxmCkow/110/5701-Washington-Ave-Houston-TX-Building-Photo-1-Large.jpg)
![5701 Washington Ave, Houston, TX for sale - Aerial - Image 2 of 4](https://images1.loopnet.com/i2/cXusnxWd0pvyzvxsD5NhHTmX0RYeRBY7hUH6xGyUeok/110/5701-Washington-Ave-Houston-TX-Aerial-2-Large.jpg)
![5701 Washington Ave, Houston, TX for sale - Building Photo - Image 3 of 4](https://images1.loopnet.com/i2/BsekmolXZgApl4fm5NLmQBvWq1SQ8BcnYILtTIT1hFk/110/5701-Washington-Ave-Houston-TX-Building-Photo-3-Large.jpg)
Executive Summary
The Blue Ox Group is pleased to offer the opportunity to acquire an absolute NNN inner-loop investment property in Houston, TX. The tenant, Rain HTX, recently signed a brand new 7 year lease with 1, 5-year option period, demonstrating their commitment to the site. The lease features annual rental increases throughout the initial term. This attractive rent structure and steadily growing NOI hedges against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment.
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,942 SF
Building Class
C
Year Built
1960
Price
$4,628,000
Price Per SF
$667
Cap Rate
7%
NOI
$323,960
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.27
Lot Size
0.59 AC
Zoning
None
Frontage
216 FT on Washington Ave
Amenities
- Pylon Sign
Walk Score ®
Very Walkable (77)
Nearby Major Retailers
![Starbucks Starbucks](https://images1.loopnet.com/i2/V11gp9X1QvF-sYuRU43vwjphTt976BD4p9n50Z1aR1w/105/image.png)
![CommunityBank of Texas CommunityBank of Texas](https://images1.loopnet.com/i2/A5FYTADubFCrRW6VrHo95NDr0nPU7LqOWOAwHm8WLQ4/105/image.jpg)
![IHOP IHOP](https://images1.loopnet.com/i2/e3i9DiB68ovx7dm8KLKS8dvJmXReCEjtOf0qxOxWILI/105/image.jpg)
![Zalat Pizza Zalat Pizza](https://images1.loopnet.com/i2/Fge-svx60VBb-3xYqRcgY7MMqwRLlFcbv5ibnSkjbHc/105/image.jpg)
![Pluckers Wing Bar Pluckers Wing Bar](https://images1.loopnet.com/i2/UKjjMD6kUtdBGjgddCgWD9KMFjqeWxO_ILmYpdBXPwM/105/image.png)
![Velvet Taco Velvet Taco](https://images1.loopnet.com/i2/anEshNODtHKijED14JdNNPz_gja1nogM-Mh0Yfuf4Bo/105/image.png)
![F45 Training, Inc. F45 Training, Inc.](https://images1.loopnet.com/i2/gzG617Y1703dvANgQ7iDbaybhpcKjeQD8STbNqg4mjg/105/image.png)
![Chase Bank Chase Bank](https://images1.loopnet.com/i2/bw7biemERZsLn6pwfbqBPxA99wBdOhsB0H3fRLW4AE8/105/image.png)
![Saltgrass Steak House Saltgrass Steak House](https://images1.loopnet.com/i2/G_1PXxzCdAdAz2ohdPCLS2RVeC90Xb7KCx81yfW4ddw/105/image.png)
![Denny's Denny's](https://images1.loopnet.com/i2/3QV-TttQPX7pjJhpUituDabg8TTvWanf13famF2Xuao/105/image.png)
PROPERTY TAXES
Parcel Number | 1323920010001 | Improvements Assessment | $1,222,121 |
Land Assessment | $2,423,735 | Total Assessment | $3,645,856 |
PROPERTY TAXES
Parcel Number
1323920010001
Land Assessment
$2,423,735
Improvements Assessment
$1,222,121
Total Assessment
$3,645,856
1 of 5
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Presented by
![The Blue Ox Group](https://images1.loopnet.com/i2/gTvS3477FPFMCpcaGmHHMiHNDNb5jRWWk213xS2SvXo/105/image.jpg)
RAIN HTX | NNN Investment Opportunity | 5701 Washington Ave
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