Investment Overview

The subject property is a 3,865 square foot retail condominium located in Downtown Houston. It is part of the Bayou Lofts Condominium building at the corner of Franklin Street and Main Street. The building was built between 1910 and 1920 as an office building and was converted to condominiums in 1997. La Calle is an Authentic Mexican Street Taco restaurant focused on bringing the experience of Mexico City to its customers. The tenant opened its first location in the subject property and extended into the adjacent space. The concept has done well and the owner has opened two other locations. Being located in Downtown draws many traffic drivers for the tenant. Many large office buildings provide high daytime populations of over 184,600 within one mile. The property is on the Metro rail line providing ground transportation to many different locations. The Harris County courthouses are only two blocks away and at night Minute Maid Park, Toyota Center and BBVA Stadium create nighttime traffic for Downtown. Average household incomes within one mile are over $106,000 which is well above the national average.