Taco Cabana 6311 Garth Rd 3,689 SF Retail Building Baytown, TX 77521 $2,226,400 ($603.52/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Single-Tenant, Absolute Net Ground Lease
- Located in Harris County, the Third Most Populous County in the United States
- Outparcel to Kroger Grocer and Surrounded by other Dominant Retailers such as H-E-B Grocery, Marshalls, Academy, and Kohl’s
- Corporate Lease with 6 Years Remaining
- Heavily Trafficked Retail Corridor with over 27,000 VPD
EXECUTIVE SUMMARY
CBRE’s Investment Properties Team has been exclusively retained to offer for sale a single-tenant, net leased Taco Cabana in Baytown, Texas (the “Property”). This Taco Cabana, located on Garth Road which has over 34,000 VPD, is an out-parcel to a Kroger Marketplace anchored shopping center and is across the street from an HEB. Baytown, TX is a growing city located in the Houston-The Woodlands – Sugar Land MSA that has seen a 9% population growth since 2020. Taco Cabana, owned by Yadav Enterprises Inc., is a leader in fast casual breakfast dining with 144 restaurants in Texas and New Mexico. This is a great opportunity for an investor seeking a single-tenant asset with a growing national operator and strong underlying real estate.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,689 SF
Building Class
B
Year Built
2016
Price
$2,226,400
Price Per SF
$603.52
Cap Rate
6.25%
NOI
$139,150
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.97 AC
Zoning
GC - General Commercial
Parking
58 Spaces (15.72 Spaces per 1,000 SF Leased)
Frontage
48’ on Garth Road
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1365020010003 | Improvements Assessment | $1,341,572 |
| Land Assessment | $636,405 | Total Assessment | $1,977,977 |
