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Restaurant

Corp. Fast Casual Mexican Restaurant w/ Dr-Thru | Houston | Abs. Net Lease w/ Above Avg. Increases

3000 Woodridge Dr, Houston, TX 77087

Listing Price: $3,805,300

Cap Rate
8.00%
Tenant Name
Taco Palenque
Years Remaining On Lease
6.6
Gross SF
4,614
Guarantor
Corporate Guarantee
Rentable SF
4,614
Price/Gross SF
$824.73
Lease Type
Absolute Net
Rent Per Square Feet
$65.98

Investment Overview

Houston is the most populous city in the U.S. state of Texas and in the Southern United States. Houston is located in Southeast Texas near Galveston Bay and the Gulf of Mexico; it is the seat and largest city of Harris County and the principal city of the Greater Houston metropolitan area, which is the fifth-most populous metropolitan statistical area in the United States and the second-most populous in Texas after Dallas–Fort Worth. With a population of 2,302,878 in 2022, Houston is the fourth-most populous city in the United States after New York City, Los Angeles, and Chicago, and the seventh-most populous city in North America. Houston is the southeast anchor of the greater megaregion known as the Texas Triangle. Nicknamed the “Bayou City”, “Space City”, “H-Town”, and “the 713”, Houston has become a global city, with strengths in culture, medicine, and research. The city’s population comprises various ethnic and religious backgrounds, as well as a large and growing international community. Houston is the most diverse metropolitan area in Texas and has been described as the most racially and ethnically diverse major city in the U.S. It is home to many cultural institutions and exhibits, such as the Houston Museum District and the Houston Theater District.

Investment Highlights

  • Absolute Net Lease Featuring Above Average Increases (Greater of 15% or CPI) at Each Option. 13+ Year Historical Occupancy Demonstrating Strong Commitment to the Location. Features a Drive-Thru.
  • Positioned Along Area's Major Retail & Traffic Corridor: Equipped w/ a large Pylon Sign - Excellent Visibility & Easy Access at a Signalized Intersection w/ Daily Traffic Counts of 26k+ Vehicles.
  • Nearby On/Off Ramp Access to both Interstate-610 (180k+ VPD) and Interstate-45 (196k+ VPD), two Heavily Traveled Commuter Thoroughfares for the Houston Metropolitan Area.
  • Site is Surrounded by Dense Residential Neighborhoods, Apartment Complexes, and Numerous Amenities Including Parks, Schools, and More.
  • Strong Tenant Synergy increases Consumer Draw to the Immediate Trade Area and Promotes Crossover Store Exposure for Taco Palenque.
  • Excellent Demographics - Densely Populated Area: Features 327k+ People Residing within a 5-Mile Radius. 1.9k+ Apartment Units within 1-Mile Radius - Direct Residential Consumer Base.
  • Pad Site to Lowe's & Adjacent to Gulfgate Center - a 805k+ SF Power Center anchored by H-E-B, Lowe's Home Improvement, Marshalls, Ross Dress for Less, Best Buy and more.
  • Site is located within the Opportunity Zone - An Investment Program that Offers Tax Incentives through a Qualified Opportunity Fund. Minutes from University of Houston - a 667-Acre Campus containing 29 Research Centers and over 46k Students making it the Third Largest University in the State of Texas.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

  • Jon Talia

    First Vice President Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Restaurant

Corp. Fast Casual Mexican Restaurant w/ Dr-Thru | Houston | Abs. Net Lease w/ Above Avg. Increases

Listing Price: $3,805,300

Cap Rate
8.00%
Tenant Name
Taco Palenque
Years Remaining On Lease
6.6
Gross SF
4,614
Guarantor
Corporate Guarantee
Rentable SF
4,614
Price/Gross SF
$824.73
Lease Type
Absolute Net
Rent Per Square Feet
$65.98

Investment Highlights

  • Absolute Net Lease Featuring Above Average Increases (Greater of 15% or CPI) at Each Option. 13+ Year Historical Occupancy Demonstrating Strong Commitment to the Location. Features a Drive-Thru.
  • Positioned Along Area's Major Retail & Traffic Corridor: Equipped w/ a large Pylon Sign - Excellent Visibility & Easy Access at a Signalized Intersection w/ Daily Traffic Counts of 26k+ Vehicles.
  • Nearby On/Off Ramp Access to both Interstate-610 (180k+ VPD) and Interstate-45 (196k+ VPD), two Heavily Traveled Commuter Thoroughfares for the Houston Metropolitan Area.
  • Site is Surrounded by Dense Residential Neighborhoods, Apartment Complexes, and Numerous Amenities Including Parks, Schools, and More.
  • Strong Tenant Synergy increases Consumer Draw to the Immediate Trade Area and Promotes Crossover Store Exposure for Taco Palenque.
  • Excellent Demographics - Densely Populated Area: Features 327k+ People Residing within a 5-Mile Radius. 1.9k+ Apartment Units within 1-Mile Radius - Direct Residential Consumer Base.
  • Pad Site to Lowe's & Adjacent to Gulfgate Center - a 805k+ SF Power Center anchored by H-E-B, Lowe's Home Improvement, Marshalls, Ross Dress for Less, Best Buy and more.
  • Site is located within the Opportunity Zone - An Investment Program that Offers Tax Incentives through a Qualified Opportunity Fund. Minutes from University of Houston - a 667-Acre Campus containing 29 Research Centers and over 46k Students making it the Third Largest University in the State of Texas.

Investment Overview

Houston is the most populous city in the U.S. state of Texas and in the Southern United States. Houston is located in Southeast Texas near Galveston Bay and the Gulf of Mexico; it is the seat and largest city of Harris County and the principal city of the Greater Houston metropolitan area, which is the fifth-most populous metropolitan statistical area in the United States and the second-most populous in Texas after Dallas–Fort Worth. With a population of 2,302,878 in 2022, Houston is the fourth-most populous city in the United States after New York City, Los Angeles, and Chicago, and the seventh-most populous city in North America. Houston is the southeast anchor of the greater megaregion known as the Texas Triangle. Nicknamed the “Bayou City”, “Space City”, “H-Town”, and “the 713”, Houston has become a global city, with strengths in culture, medicine, and research. The city’s population comprises various ethnic and religious backgrounds, as well as a large and growing international community. Houston is the most diverse metropolitan area in Texas and has been described as the most racially and ethnically diverse major city in the U.S. It is home to many cultural institutions and exhibits, such as the Houston Museum District and the Houston Theater District.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

  • Jon Talia

    First Vice President Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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