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Restaurant

Cotton Patch Cafe

5431 Farm to Market 2920, Spring, TX 77388

Listing Price: $3,093,000

Cap Rate
6.50%
Tenant Name
Cotton Patch Cafe
Years Remaining On Lease
9.9
Gross SF
4,300
Guarantor
Corporate Guarantee
Rentable SF
4,300
Price/Gross SF
$719.30
Lease Type
Absolute Net
Rent Per Square Feet
$46.74

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Cotton Patch Cafe in Spring, Texas. The property consists of a 4,300-square-foot, freestanding building that sits on approximately 1.32 acres of land. There are approximately 10 years remaining on the current lease term, with rental escalations scheduled every five years. In the high-growth North Houston market, there has been a 107 percent population growth since 2000, and there is a projected 14 percent growth in the next five years within a five-mile radius of the property.

Investment Highlights

  • Affluent Trade Area - Average Household Income Exceeds $128,443 (Five-Mile Radius)
  • Large 1.43 Acre Parcel with Ample Parking and Multiple Access Points
  • 6 Miles to ExxonMobil's 385-Acre Campus with 10,000 Employees
  • Cotton Patch Cafe is a Nationally Recognized Tenant With 48 Locations

Exclusively Listed By

Financing By

Restaurant

Cotton Patch Cafe

Listing Price: $3,093,000

Cap Rate
6.50%
Tenant Name
Cotton Patch Cafe
Years Remaining On Lease
9.9
Gross SF
4,300
Guarantor
Corporate Guarantee
Rentable SF
4,300
Price/Gross SF
$719.30
Lease Type
Absolute Net
Rent Per Square Feet
$46.74

Investment Highlights

  • Affluent Trade Area - Average Household Income Exceeds $128,443 (Five-Mile Radius)
  • Large 1.43 Acre Parcel with Ample Parking and Multiple Access Points
  • 6 Miles to ExxonMobil's 385-Acre Campus with 10,000 Employees
  • Cotton Patch Cafe is a Nationally Recognized Tenant With 48 Locations

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Cotton Patch Cafe in Spring, Texas. The property consists of a 4,300-square-foot, freestanding building that sits on approximately 1.32 acres of land. There are approximately 10 years remaining on the current lease term, with rental escalations scheduled every five years. In the high-growth North Houston market, there has been a 107 percent population growth since 2000, and there is a projected 14 percent growth in the next five years within a five-mile radius of the property.

Exclusively Listed By

Financing By

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