Investment Overview

Marcus & Millichap is pleased to present for sale this net-leased PL$ Check Cashers, strategically located at 12503 SH 249 in Houston, Texas—one of the most dynamic and fastest-growing metro areas in the United States. Built in 2006, the property features a 1,910-square-foot freestanding building situated on a 0.81-acre parcel, offering excellent visibility and access along State Highway 249, a heavily trafficked commercial corridor. The property is strategically positioned at the hard corner, signalized intersection of State Highway 249 and Antoine Drive, which sees daily vehicle counts exceeding 69,297. Situated in the heart of Northwest Houston, the site benefits from strong market fundamentals and exceptional regional connectivity. The surrounding area features a robust mix of national and regional retailers, financial institutions, service providers, and densely populated residential communities. Notable nearby tenants include Starbucks, Chipotle, Smoothie King, Dunkin’, AFC Urgent Care, Aspen Dental, Chick-fil-A, Panda Express, Walmart, Aldi, Kroger, and Pollo Campero, among many others. The location is supported by a growing population of over 317,000 residents within a five-mile radius and strong household incomes. State Highway 249—also known as Tomball Parkway—offers direct access to Beltway 8, connecting the property to major employment centers and retail corridors throughout the greater Houston MSA. The original 10-year lease commenced in November 2016, and the tenant has since exercised two of their renewal options, demonstrating a clear long-term commitment to the site. The lease includes scheduled rent increases every five years, extending through both the remaining base term and the two additional five-year options. With over 11 years of term remaining, the property offers investors stable, long-term cash flow. PLS is a leading provider of alternative financial services, offering check cashing, money transfers, bill payment, prepaid debit cards, and small-dollar consumer loans. Founded in 1997 and headquartered in Chicago, Illinois, PLS operates over 200 locations across the United States, primarily in urban and densely populated markets. The company serves millions of customers annually and is recognized for its commitment to convenience, customer service, and financial accessibility for underbanked and unbanked populations. With a strong national presence and proven operational model, PLS represents a reliable and recognizable brand in the non-bank financial services sector.