Service King | 4545 S Sam Houston Pkwy E
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Service King 4545 S Sam Houston Pkwy E
12,000 SF Retail Building Houston, TX 77048 $4,500,000 ($375/SF) 4.16% Cap Rate
Executive Summary
Building Size ± 12,000 SF
Lot Size ± 3.5 AC
Year Built 2006
Parking ±43 Free Surface Spaces
Lease Expiration 3/31/2036
Corporate Guaranty Service King Paint and Body, LLC
Lease Type Absolute NNN (No Landlord Responsibilities)
Lease Commencement October 6, 2015
Lease Expiration March 31,2036
Term Remaining ± 14.5 Years
Rent Escalations 10% Every 5 Years
Option Periods Four (4) Five (5) Year Option Periods
Lot Size ± 3.5 AC
Year Built 2006
Parking ±43 Free Surface Spaces
Lease Expiration 3/31/2036
Corporate Guaranty Service King Paint and Body, LLC
Lease Type Absolute NNN (No Landlord Responsibilities)
Lease Commencement October 6, 2015
Lease Expiration March 31,2036
Term Remaining ± 14.5 Years
Rent Escalations 10% Every 5 Years
Option Periods Four (4) Five (5) Year Option Periods
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,000 SF
Building Class
C
Year Built
2006
Price
$4,500,000
Price Per SF
$375
Cap Rate
4.16%
NOI
$187,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
3.50 AC
Zoning
None
Parking
43 Spaces (3.58 Spaces per 1,000 SF Leased)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0410840000421 | Improvements Assessment | $967,431 |
| Land Assessment | $1,129,336 | Total Assessment | $2,096,767 |
PROPERTY TAXES
Parcel Number
0410840000421
Land Assessment
$1,129,336
Improvements Assessment
$967,431
Total Assessment
$2,096,767
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Service King | 4545 S Sam Houston Pkwy E
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