Skip to main content

Bank

Wells Fargo (Ground Lease)

6821 Harrisburg Blvd, Houston, TX 77011

Listing Price: $2,268,000

Cap Rate
7.00%
Tenant Name
Wells Fargo
Years Remaining On Lease
3.6
Gross SF
2,483
Guarantor
Corporate Guarantee
Rentable SF
2,483
Price/Gross SF
$913.41
Lease Type
Ground Lease
Rent Per Square Feet
$63.94

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire a ground lease Wells Fargo in Houston, Texas. The property consists of a 2,483-square-foot, freestanding building on 0.69 acres of land. There are 3.7 years remaining on the current lease term, with 5% percent increases every 5 years, 10% in Options.

Investment Highlights

  • Ground Lease with 3.7 Years Remaining
  • Excellent Access and Visibility on Harrisburg Boulevard (15,405 VPD); Connecting Downtown Houston and the Port of Houston Area
  • More than 355,291 Residents and 597,889 Employees Within a Five-Mile Radius
  • Located on the Metro Rail Line for Easy Rail Access to Downtown
  • 17-Year Operating History
  • 10 Percent Rental Escalations Every Five Years in the Option Periods
  • Qualified Opportunity Zone in the Growing East End Revitalized Section of Houston
  • Near the University of Houston (37,943 Students Enrolled) and the EaDo and Denver Harbor Neighborhoods

Exclusively Listed By

Financing By

Bank

Wells Fargo (Ground Lease)

Listing Price: $2,268,000

Cap Rate
7.00%
Tenant Name
Wells Fargo
Years Remaining On Lease
3.6
Gross SF
2,483
Guarantor
Corporate Guarantee
Rentable SF
2,483
Price/Gross SF
$913.41
Lease Type
Ground Lease
Rent Per Square Feet
$63.94

Investment Highlights

  • Ground Lease with 3.7 Years Remaining
  • Excellent Access and Visibility on Harrisburg Boulevard (15,405 VPD); Connecting Downtown Houston and the Port of Houston Area
  • More than 355,291 Residents and 597,889 Employees Within a Five-Mile Radius
  • Located on the Metro Rail Line for Easy Rail Access to Downtown
  • 17-Year Operating History
  • 10 Percent Rental Escalations Every Five Years in the Option Periods
  • Qualified Opportunity Zone in the Growing East End Revitalized Section of Houston
  • Near the University of Houston (37,943 Students Enrolled) and the EaDo and Denver Harbor Neighborhoods

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire a ground lease Wells Fargo in Houston, Texas. The property consists of a 2,483-square-foot, freestanding building on 0.69 acres of land. There are 3.7 years remaining on the current lease term, with 5% percent increases every 5 years, 10% in Options.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower