22424 State Highway 249 | Houston, TX 77070
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- LoopNet Team
22424 State Highway 249
Houston, TX 77070
Jason's Deli & School of Rock · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Operating under a corporate lease, Jason’s Deli provides security of income, boasting more than 290 locations in 28 states
- The leases feature sustainable in-place rents and contractual rent increases, making the Property an ideal 1031 exchange target
- ?UPCOMING RENTAL INCREASE | School of Rock will experience a 5% rental increase in 16 months, boosting the asset’s return in the near-term
- School of Rock is the largest music school franchise in the United States, with 260 locations globally, and the tenant is a multi-unit operator
- With direct access to the Highway 249 (Tomball Parkway) service drive, the Property boasts exposure to nearly 88,000 VPD
- Jason’s Deli features a drive-thru, which has been a huge component of success for many retail tenants during the pandemic
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,221 SF
Building Class
C
Year Built
2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.79 AC
Frontage
225’ on hw 249
PROPERTY TAXES
| Parcel Number | 1166690010001 | Improvements Assessment | $2,382,983 |
| Land Assessment | $776,980 | Total Assessment | $3,159,963 |
PROPERTY TAXES
Parcel Number
1166690010001
Land Assessment
$776,980
Improvements Assessment
$2,382,983
Total Assessment
$3,159,963
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