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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

Retail Buildings Texas Houston 5701 Washington Ave, Houston, TX 77007

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
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5701 Washington Ave, Houston, TX - aerial map view - Image1
5701 Washington Ave, Houston, TX - aerial map view - Image2
Walk Score ®
Very Walkable (77)
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

Starbucks
CommunityBank of Texas
IHOP
Zalat Pizza
Pluckers Wing Bar
Velvet Taco
F45 Training, Inc.
Chase Bank
Saltgrass Steak House
Denny's

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
(832) 641-4270

Contacts

  • Listing ID: 32010934

  • Date on Market: 6/4/2024

  • Last Updated:

  • Address: 5701 Washington Ave, Houston, TX 77007

More public record information on 5701 Washington Ave, Houston, TX 77007

The Retail Property at 5701 Washington Ave, Houston, TX 77007 is currently available for sale. Contact The Blue Ox Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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5701 Washington Ave, Houston, TX for sale Building Photo- Image 1 of 5
5701 Washington Ave OM_4.5.24_cover
5701 Washington Ave, Houston, TX for sale Aerial- Image 2 of 5
5701 Washington Ave OM_4.5.24_obl aerial 2
5701 Washington Ave, Houston, TX for sale Building Photo- Image 3 of 5
5701 Washington Ave OM_4.5.24_obl aerial
5701 Washington Ave, Houston, TX for sale Aerial- Image 4 of 5
5701 Washington Ave OM_4.5.24_aerial

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RAIN HTX | NNN Investment Opportunity | 5701 Washington Ave
(832) 641-4270 x

RAIN HTX | NNN Investment Opportunity | 5701 Washington Ave

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Joe Foty, CCIM

(832) 641-4270

(832) 641-4270

Joshua Jacobs

(713) 204-4433

(713) 204-4433

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