17111 SH 249 PKY | 17111 State Highway 249
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17111 SH 249 PKY 17111 State Highway 249
6,043 SF Retail Building Houston, TX 77064 $4,350,000 ($720/SF) 6.67% Cap Rate
Investment Highlights
- Just off Highway 249, ensuring maximum exposure and easy access for customers.
- Prime corner lot position enhances visibility and offers additional opportunities for branding and marketing initiatives.
- Benefit from immediate returns with a long-term tenant boasting a proven track record of success, providing stability and reliability for investors.
Executive Summary
Presenting a prime commercial property with an established tenant, this corner lot gem boasts the perfect location for success. Situated just off Highway 249, this restaurant space enjoys high visibility and easy access, making it a favored destination for locals and travelers alike. The property's strategic position ensures steady foot traffic and maximum exposure, ideal for businesses seeking to thrive in a dynamic market. Featuring a long-term tenant with a proven track record of success, this turnkey investment promises immediate returns and long-lasting value. The restaurant's popularity and loyal customer base ensure a stable income stream, offering investors peace of mind and a lucrative opportunity to capitalize on a thriving business. Don't miss out on this rare chance to acquire a profitable restaurant property in a high-demand area. Schedule a viewing today and unlock the potential of this exceptional investment.
https://www.houstonchronicle.com/news/houston-texas/article/top-alcohol-sellers-woodlands-katy-pearland-18665205.php
https://www.houstonchronicle.com/news/houston-texas/article/top-alcohol-sellers-woodlands-katy-pearland-18665205.php
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,043 SF
Building Class
C
Year Built/Renovated
2002/2013
Price
$4,350,000
Price Per SF
$720
Cap Rate
6.67%
NOI
$290,145
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.98 AC
Parking
153 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Restaurant
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1197230010002 | Improvements Assessment | $944,886 |
| Land Assessment | $1,295,625 | Total Assessment | $2,240,511 |
PROPERTY TAXES
Parcel Number
1197230010002
Land Assessment
$1,295,625
Improvements Assessment
$944,886
Total Assessment
$2,240,511
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17111 SH 249 PKY | 17111 State Highway 249
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