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Restaurant

El Muelle Seafood | Extremely Dense Houston Location | Abs. NNN Ground Lease w/ 2% Annual Increases

6501 Southwest Fwy, Houston, TX 77074

Listing Price: $4,808,963

Cap Rate
6.75%
Tenant Name
El Muelle Seafood
Years Remaining On Lease
7.7
Gross SF
9,000
Guarantor
Corporate Guarantee
Rentable SF
9,000
Price/Gross SF
$534.33
Lease Type
NNN Ground Lease
Rent Per Square Feet
$36.07

Investment Overview

The subject property is located along the Southwest Freeway (US-59 / I-69) within Houston’s densely populated Gulfton and Sharpstown submarket, a well-established infill corridor known for strong retail fundamentals and consistent consumer demand. This area is recognized as one of the most densely populated neighborhoods in Houston, supported by a large and diverse residential base that drives daily traffic and sustained spending across food, service, and necessity-based retail.

The immediate trade area benefits from a significant concentration of multifamily housing, with thousands of units located within a short distance of the property. This built-in customer base provides consistent day-to-day demand and supports a wide range of retail and restaurant uses. In addition, the surrounding corridor along Hillcroft Avenue and Bellaire Boulevard is widely regarded as one of Houston’s most active international retail and dining destinations, further reinforcing the area’s appeal for food-oriented concepts.

Accessibility is a key driver of the location’s strength. The property offers direct exposure to the Southwest Freeway, one of Houston’s primary commuter corridors, and is easily accessible via major thoroughfares including Hillcroft Avenue, Bellaire Boulevard, and the nearby Sam Houston Tollway (Beltway 8). This connectivity allows for efficient access to surrounding residential neighborhoods, as well as key employment hubs throughout Southwest Houston.

The broader trade area is anchored by established retail centers including PlazAmericas Mall and numerous neighborhood shopping centers, creating a proven retail corridor with long-standing tenant occupancy. With limited new development and high barriers to entry, the submarket continues to demonstrate stable performance and long-term demand for well-located retail assets.

Investment Highlights

  • Absolute Net Ground Lease (Zero Landlord Responsibilities) featuring 2% Annual Rental Increases throughout the Initial Term and 10% throughout the Options.
  • Prime Frontage along Southwest Freeway (US-59 / I-69) with Excellent Visibility and Direct Access, positioned within one of Houston's Primary Commuter Corridors.
  • Located within the Dense Gulfton / Sharpstown Submarket, one of Houston's most Populated Trade Areas, providing a Large and Established Customer Base within Immediate Proximity to the Site.
  • Tenant Recently Invested $2.4 Million in Building Improvements prior to Opening. El Muelle Seafood is a Growing Houston based Restaurant Concept with Multiple Locations, offering a High Volume Dining Experience that aligns with the Area's Dense Population and Strong Demand for Food Concepts.
  • Strategically positioned near Hillcroft Avenue and Bellaire Boulevard, two Major Commercial Corridors known for High Traffic Counts and a Concentration of Established Retail and Dining Concepts.
  • Infill Houston Location within a Fully Built out Corridor with Limited New Development Opportunities. Densely Populated and Affluent Area features an Average Household Income of $102k+ and over 601k People residing within a 5 Mile Radius.
  • Proximity to Major Retail Anchors including PlazaAmericas Mall and surrounding Shopping Centers, driving Consistent Consumer Draw and reinforcing the Area as an Established Retail Destination.
  • Strong Daytime Population supported by Nearby Retail, Office, and Service Uses, providing a Consistent Flow of Consumers throughout the Day and supporting Lunch and Evening Traffic Patterns. Located Minutes from Beltway 8 (Sam Houston Tollway), providing Regional Connectivity and allowing Easy Access from surrounding Houston Submarkets and Key Employment Hubs.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • David Kern

    Managing Director Investments

    (858) 373-3185

    Email David

    License(s): CA: 01878012

    San Diego Downtown

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Restaurant

El Muelle Seafood | Extremely Dense Houston Location | Abs. NNN Ground Lease w/ 2% Annual Increases

Listing Price: $4,808,963

Cap Rate
6.75%
Tenant Name
El Muelle Seafood
Years Remaining On Lease
7.7
Gross SF
9,000
Guarantor
Corporate Guarantee
Rentable SF
9,000
Price/Gross SF
$534.33
Lease Type
NNN Ground Lease
Rent Per Square Feet
$36.07

Investment Highlights

  • Absolute Net Ground Lease (Zero Landlord Responsibilities) featuring 2% Annual Rental Increases throughout the Initial Term and 10% throughout the Options.
  • Prime Frontage along Southwest Freeway (US-59 / I-69) with Excellent Visibility and Direct Access, positioned within one of Houston's Primary Commuter Corridors.
  • Located within the Dense Gulfton / Sharpstown Submarket, one of Houston's most Populated Trade Areas, providing a Large and Established Customer Base within Immediate Proximity to the Site.
  • Tenant Recently Invested $2.4 Million in Building Improvements prior to Opening. El Muelle Seafood is a Growing Houston based Restaurant Concept with Multiple Locations, offering a High Volume Dining Experience that aligns with the Area's Dense Population and Strong Demand for Food Concepts.
  • Strategically positioned near Hillcroft Avenue and Bellaire Boulevard, two Major Commercial Corridors known for High Traffic Counts and a Concentration of Established Retail and Dining Concepts.
  • Infill Houston Location within a Fully Built out Corridor with Limited New Development Opportunities. Densely Populated and Affluent Area features an Average Household Income of $102k+ and over 601k People residing within a 5 Mile Radius.
  • Proximity to Major Retail Anchors including PlazaAmericas Mall and surrounding Shopping Centers, driving Consistent Consumer Draw and reinforcing the Area as an Established Retail Destination.
  • Strong Daytime Population supported by Nearby Retail, Office, and Service Uses, providing a Consistent Flow of Consumers throughout the Day and supporting Lunch and Evening Traffic Patterns. Located Minutes from Beltway 8 (Sam Houston Tollway), providing Regional Connectivity and allowing Easy Access from surrounding Houston Submarkets and Key Employment Hubs.

Investment Overview

The subject property is located along the Southwest Freeway (US-59 / I-69) within Houston’s densely populated Gulfton and Sharpstown submarket, a well-established infill corridor known for strong retail fundamentals and consistent consumer demand. This area is recognized as one of the most densely populated neighborhoods in Houston, supported by a large and diverse residential base that drives daily traffic and sustained spending across food, service, and necessity-based retail. The immediate trade area benefits from a significant concentration of multifamily housing, with thousands of units located within a short distance of the property. This built-in customer base provides consistent day-to-day demand and supports a wide range of retail and restaurant uses. In addition, the surrounding corridor along Hillcroft Avenue and Bellaire Boulevard is widely regarded as one of Houston’s most active international retail and dining destinations, further reinforcing the area’s appeal for food-oriented concepts. Accessibility is a key driver of the location’s strength. The property offers direct exposure to the Southwest Freeway, one of Houston’s primary commuter corridors, and is easily accessible via major thoroughfares including Hillcroft Avenue, Bellaire Boulevard, and the nearby Sam Houston Tollway (Beltway 8). This connectivity allows for efficient access to surrounding residential neighborhoods, as well as key employment hubs throughout Southwest Houston. The broader trade area is anchored by established retail centers including PlazAmericas Mall and numerous neighborhood shopping centers, creating a proven retail corridor with long-standing tenant occupancy. With limited new development and high barriers to entry, the submarket continues to demonstrate stable performance and long-term demand for well-located retail assets.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • David Kern

    Managing Director Investments

    (858) 373-3185

    Email David

    License(s): CA: 01878012

    San Diego Downtown

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

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