739 N Sam Houston Pkwy E, Houston, TX for sale

Investment Overview

Introducing a prime investment opportunity in the thriving North area – a well-maintained ±2,575 SF building set on ±0.67 acres of land. Built in 2004 and zoned NZ, this property features a lease with Jack in the Box, Inc., offering an absolute NNN lease type. With a lease commencement date of May 5, 2006, and a lease expiration date of May 4, 2029, including a three (5) year renewal option and rent increases every (5) years, this investment yields a strong NOI of $99,384.48 and an attractive cap rate of 5.75%.

Investment Highlights

• ±2,575 SF building
• ±0.67 Acres
• Built in 2004
• Lease commencement date is May 5, 2006
• Lease expiration date is May 4, 2029
• Three (5) year renewal options
• Rent increases every (5) years, historical increases of 8%
• Roof and structure: Tenant
• NOI is $99,384.48
• Cap rate is 5.75%