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Restaurant

Freestanding Quick Service Restaurant

2507 Clinton Dr, Galena Park, TX 77547

Listing Price: $750,000

Tenant Name
Other
Years Remaining On Lease
1.9
Guarantor
Personal Guarantee
Rentable SF
2,703
Lease Type
Gross Lease
Rent Per Square Feet
$7.99

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale an approximately 2,703 square foot freestanding retail building situated on 1.33 acres, located at 2507 Clinton Drive in Galena Park, Texas. This property is located at the hard corner of Clinton Drive and Galena Manor, just under one mile away from Highway 610, a major thoroughfare passing through all of Houston. The property is leased to Dear Donut Man (Four locations around South Houston). The tenant is on a gross lease (landlord is responsible for roof and structure while the tenant pays towards CAM, Insurance, and Taxes at a fixed rate) allowing the landlord to enjoy a fixed additional rent to the base rent. The property provides an investor with a long-term value add opportunity. Dear Donut Man currently pays $21,600 in base rent ($7.99 per square foot) and will occupy the space until mid-2024. The lease has no renewal options, giving the opportunity to review and increase rent upon expiration or market to alternative tenants at a higher rental rate. In addition, the 1.33 acres of land gives more options to investors to redevelop and add different business components either for an owner/user model or increased diversity of tenants. Located on Clinton Drive, this former Jack in the Box QSR is along the same thoroughfare as national and regional tenants such as McDonalds, Subway, Family Dollar, and more. The featured property is in close proximity to Highway 610, connecting Clinton Drive and the surrounding neighborhoods to proper Houston. The property is in between access points into Clinton Park TriCommunity, the primary neighborhood in the area, which requires access to Clinton Drive onto Highway 610. The area offers a household income of $52,120.

Investment Highlights

  • Hard-Corner Intersection at Clinton Drive and Galena Manor
  • 17,007 VPD
  • Household Income of $52,120
  • Oversized Lot with 1.33 Acres
  • Close Proximity to National Tenants Such as McDonalds, Subway, Family Dollar, and More
  • Former Jack in the Box QSR

Exclusively Listed By

Financing By

Restaurant

Freestanding Quick Service Restaurant

Listing Price: $750,000

Tenant Name
Other
Years Remaining On Lease
1.9
Guarantor
Personal Guarantee
Rentable SF
2,703
Lease Type
Gross Lease
Rent Per Square Feet
$7.99

Investment Highlights

  • Hard-Corner Intersection at Clinton Drive and Galena Manor
  • 17,007 VPD
  • Household Income of $52,120
  • Oversized Lot with 1.33 Acres
  • Close Proximity to National Tenants Such as McDonalds, Subway, Family Dollar, and More
  • Former Jack in the Box QSR

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale an approximately 2,703 square foot freestanding retail building situated on 1.33 acres, located at 2507 Clinton Drive in Galena Park, Texas. This property is located at the hard corner of Clinton Drive and Galena Manor, just under one mile away from Highway 610, a major thoroughfare passing through all of Houston. The property is leased to Dear Donut Man (Four locations around South Houston). The tenant is on a gross lease (landlord is responsible for roof and structure while the tenant pays towards CAM, Insurance, and Taxes at a fixed rate) allowing the landlord to enjoy a fixed additional rent to the base rent. The property provides an investor with a long-term value add opportunity. Dear Donut Man currently pays $21,600 in base rent ($7.99 per square foot) and will occupy the space until mid-2024. The lease has no renewal options, giving the opportunity to review and increase rent upon expiration or market to alternative tenants at a higher rental rate. In addition, the 1.33 acres of land gives more options to investors to redevelop and add different business components either for an owner/user model or increased diversity of tenants. Located on Clinton Drive, this former Jack in the Box QSR is along the same thoroughfare as national and regional tenants such as McDonalds, Subway, Family Dollar, and more. The featured property is in close proximity to Highway 610, connecting Clinton Drive and the surrounding neighborhoods to proper Houston. The property is in between access points into Clinton Park TriCommunity, the primary neighborhood in the area, which requires access to Clinton Drive onto Highway 610. The area offers a household income of $52,120.

Exclusively Listed By

Financing By

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