Investment Overview

Marcus & Millichap is pleased to present a freestanding The Republic Grille located at 3486 Discovery Creek Blvd in Spring, Texas, positioned within the affluent Spring/The Woodlands submarket of the Greater Houston MSA and just three miles from ExxonMobil's 385-acre corporate headquarters. The property will be secured by a brand-new 20-year absolute NNN lease commencing at close of escrow, offering investors zero landlord responsibilities and fully passive income, with the tenant maintaining an extremely low rent-to-sales ratio and a strong approximate 2.50x EBITDAR coverage ratio. The ±6,198 SF building, plus a ±1,620 SF patio, sits on a ±0.95 acre lot built in 2020 with high-quality construction, strong visibility, and ample onsite parking. Located near H-E-B, Walmart, Target, Costco, and the Woodlands medical corridor, and surrounded by affluent master-planned communities including Harmony, Benders Landing, Imperial Oaks, and The Woodlands, the site draws from a dense, high-income residential base with average household income of approximately $176,000 within a one-mile radius. With scheduled 2% annual rent increases, four five-year renewal options, and an award-winning regional restaurant brand, this offering provides long-term, inflation-protected cash flow in one of Houston's fastest-growing residential corridors.