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Restaurant

Subway Kemah

206 Marina Bay Dr, Kemah, TX 77565

Listing Price: $480,000

Cap Rate
7.00%
Tenant Name
Subway
Years Remaining On Lease
1.8
Gross SF
1,500
Guarantor
Franchisee Guarantee
Rentable SF
1,500
Price/Gross SF
$320.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.40

Investment Overview

Marcus and Millichap is pleased to present an investment opportunity: a single-tenant net leased Subway located at 206 Marina Bay Drive in Kemah, Texas, boasting daily traffic count of approximately 21,000 vehicles. Situated in Kemah, a submarket within the Houston Metropolitan Statistical Area, this property offers a secure NNN (Triple-Net Lease), with just under two-years remaining on the lease and two additional three-year options.

Positioned along Marina Bay Drive, this property enjoys high visibility, directly across from major retail giants like Target, Home Depot, Chic-fil-A, and various other corporate retailers. Its strategic location, mere minutes from Lavace Stewart Elementary and Highway 146, which witnesses approximately 37,000 vehicles passing daily, makes it an attractive investment prospect.

Highway 146 serves as a vital conduit to the boardwalk and provides direct access to Galveston Bay, enhancing the property’s allure. Furthermore, it’s noteworthy that the current franchisee, operating under this lease, manages an impressive portfolio of over 100 restaurants in the Houston market, underscoring their stability.

Investment Highlights

  • NNN Lease (Triple Net)
  • Across from Target, Home Depot , Chic-fil-A and Other Major Corporate Retailers
  • 21,000 +/- Vehicles Per Day
  • Tenant is an Experienced Operator with over 100 Restaurants in the Houston Market
  • 1,500 sq. ft. Building on 0.25 Acres with a Drive-Thru
  • Large Billlboard

Exclusively Listed By

Financing By

Restaurant

Subway Kemah

Listing Price: $480,000

Cap Rate
7.00%
Tenant Name
Subway
Years Remaining On Lease
1.8
Gross SF
1,500
Guarantor
Franchisee Guarantee
Rentable SF
1,500
Price/Gross SF
$320.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.40

Investment Highlights

  • NNN Lease (Triple Net)
  • Across from Target, Home Depot , Chic-fil-A and Other Major Corporate Retailers
  • 21,000 +/- Vehicles Per Day
  • Tenant is an Experienced Operator with over 100 Restaurants in the Houston Market
  • 1,500 sq. ft. Building on 0.25 Acres with a Drive-Thru
  • Large Billlboard

Investment Overview

Marcus and Millichap is pleased to present an investment opportunity: a single-tenant net leased Subway located at 206 Marina Bay Drive in Kemah, Texas, boasting daily traffic count of approximately 21,000 vehicles. Situated in Kemah, a submarket within the Houston Metropolitan Statistical Area, this property offers a secure NNN (Triple-Net Lease), with just under two-years remaining on the lease and two additional three-year options. Positioned along Marina Bay Drive, this property enjoys high visibility, directly across from major retail giants like Target, Home Depot, Chic-fil-A, and various other corporate retailers. Its strategic location, mere minutes from Lavace Stewart Elementary and Highway 146, which witnesses approximately 37,000 vehicles passing daily, makes it an attractive investment prospect. Highway 146 serves as a vital conduit to the boardwalk and provides direct access to Galveston Bay, enhancing the property’s allure. Furthermore, it’s noteworthy that the current franchisee, operating under this lease, manages an impressive portfolio of over 100 restaurants in the Houston market, underscoring their stability.

Exclusively Listed By

Financing By

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