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Wells Fargo (Ground Lease)

6907 Farm to Market 1960 Rd W, Houston, TX 77066

Listing Price: $4,944,000

Cap Rate
7.00%
Tenant Name
Wells Fargo
Years Remaining On Lease
2.8
Gross SF
4,064
Guarantor
Corporate Guarantee
Rentable SF
4,064
Price/Gross SF
$1,216.54
Lease Type
Ground Lease
Rent Per Square Feet
$85.15

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Wells Fargo ground lease in Houston, Texas. The property consists of a 4,064-square-foot, freestanding building that sits on approximately 0.96 acres of land. There are approximately three years remaining on the current lease term, with a 10 percent rental escalation scheduled in the next option, as well as each option thereafter.

Investment Highlights

  • Corporate Ground Lease with Approximately Three Years Remaining
  • Above-Average Consumer Deposits - Trending Up Over a Three-Year Period
  • Wells Fargo has Been Operating at this Location More than 17 Years
  • Excellent Access and Visibility on High Trafficked Retail Corridor, Where Traffic Counts Exceed 46,712 VPD
  • Outparcel to a Target in Champions Stonebridge, a 72,020-SF Shopping Center
  • More than 304,314 Residents Within a Five-Mile Radius
  • High-Growth Market in Northwest Houston - 39% Population Growth Since 2000 Within a 5-Mile Radius
  • Highly Affluent Trade Area - Average Household Income Exceeds $94,263 Within a One-Mile Radius

Exclusively Listed By

Financing By

Bank

Wells Fargo (Ground Lease)

Listing Price: $4,944,000

Cap Rate
7.00%
Tenant Name
Wells Fargo
Years Remaining On Lease
2.8
Gross SF
4,064
Guarantor
Corporate Guarantee
Rentable SF
4,064
Price/Gross SF
$1,216.54
Lease Type
Ground Lease
Rent Per Square Feet
$85.15

Investment Highlights

  • Corporate Ground Lease with Approximately Three Years Remaining
  • Above-Average Consumer Deposits - Trending Up Over a Three-Year Period
  • Wells Fargo has Been Operating at this Location More than 17 Years
  • Excellent Access and Visibility on High Trafficked Retail Corridor, Where Traffic Counts Exceed 46,712 VPD
  • Outparcel to a Target in Champions Stonebridge, a 72,020-SF Shopping Center
  • More than 304,314 Residents Within a Five-Mile Radius
  • High-Growth Market in Northwest Houston - 39% Population Growth Since 2000 Within a 5-Mile Radius
  • Highly Affluent Trade Area - Average Household Income Exceeds $94,263 Within a One-Mile Radius

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Wells Fargo ground lease in Houston, Texas. The property consists of a 4,064-square-foot, freestanding building that sits on approximately 0.96 acres of land. There are approximately three years remaining on the current lease term, with a 10 percent rental escalation scheduled in the next option, as well as each option thereafter.

Exclusively Listed By

Financing By

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