Black Bear Diner | NWC of I-10 & John Martin rd
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Black Bear Diner NWC of I-10 & John Martin rd
4,987 SF Retail Building Baytown, TX 77521 $4,260,869 ($854/SF) 5.75% Cap Rate
Investment Highlights
- Brand New Construction, 15-Year Abs. NNN Corp. Lease with 10% Rental Increases Every 5 Yrs., Plus (4), 5-Yr. Options to Renew
- Situated off of a Heavily-Trafficked Exit from I-10, Across from a Buc-ee’s, Next door to Chick-fil-A and 7-Eleven
- Black Bear Diner has 156 Locations and have 14 New Restaurants Planned for 2024
- Located on the NWC of Interstate 10 (93,000+ VPD) & John Martin Road (9,200+ VPD), 20 Miles East of Downtown Houston
- There are 96,316 Residents Living w/in a 5-Mile Radius, Which is Estimated to Reach 103,000+ by 2028, and an Average Household Income of $91,087
- Baytown | 4th Largest City in the Houston MSA | MSA Population: 7.34M+
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,987 SF
Year Built
2024
Price
$4,260,869
Price Per SF
$854
Cap Rate
5.75%
NOI
$245,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Land Acres
1.12 AC
PROPERTY TAXES
| Parcel Number | 1417540010006 | Improvements Assessment | $2,085,290 |
| Land Assessment | $730,764 | Total Assessment | $2,816,054 |
PROPERTY TAXES
Parcel Number
1417540010006
Land Assessment
$730,764
Improvements Assessment
$2,085,290
Total Assessment
$2,816,054
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James Anderson -
Bob Moorhead -
Secure Net Lease
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Black Bear Diner | NWC of I-10 & John Martin rd
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