Bank

Loan Star Title Loans

9301 Cullen Blvd, Houston, TX 77051

Listing Price: $744,070

Cap Rate
7.34%
Tenant Name
Wilshire Financial Services - LoanStar
Years Remaining On Lease
7.60
Gross SF
3,080
Guarantor
Corporate Guarantee
Rentable SF
3,080
Price/Gross SF
$241.58
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.73

Investment Overview

A free standing single tenant building on the hard corner of Cullen boulevard and Reed road. This particular intersection sees 27,000 vehicles per day and is the main thoroughfare to enter the I-610 freeway. The investment is perfect for a principle looking to penetrate the Houston marketplace as this investment offers high residual value. The property is subject to a true triple net lease with a corporate guarantee backed by Select Management Resources. With no further options for the tenant to exercise and less than eight years remaining on term, a new owner could easily collect the remainder of the rent and reposition this asset for a higher paying tenant.

Investment Highlights

  • Absolute NNN Lease | Corporate Guarantee
  • Dense Population | 286,128 People in a 3 Mile Radius
  • Heavy Traffic Counts | 27,000+ Vehicles Per Day at Cullen and Reed
  • Irreplaceable location | Signalized corner of Carmen Street and Hwy 865
  • 8 Years Remaining on Lease
  • Dense Retail Corridor |KFC, Popeye's, American Deli, McDonald's, and Walgreens

Exclusively Listed By

  • Patrick K. Conway

    Vice President Investments

    (310) 909-2386

    Email Patrick

    License(s): CA: 01894502

    West Los Angeles

  • Jack Seltzer

    Associate

    Email Jack

    License(s): CA: 02085334

    West Los Angeles

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 0432723

    Texas

Listing Price: $744,070

Cap Rate
7.34%
Tenant Name
Wilshire Financial Services - LoanStar
Years Remaining On Lease
7.60
Gross SF
3,080
Guarantor
Corporate Guarantee
Rentable SF
3,080
Price/Gross SF
$241.58
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.73

Investment Highlights

  • Absolute NNN Lease | Corporate Guarantee
  • Dense Population | 286,128 People in a 3 Mile Radius
  • Heavy Traffic Counts | 27,000+ Vehicles Per Day at Cullen and Reed
  • Irreplaceable location | Signalized corner of Carmen Street and Hwy 865
  • 8 Years Remaining on Lease
  • Dense Retail Corridor |KFC, Popeye's, American Deli, McDonald's, and Walgreens

Investment Overview

A free standing single tenant building on the hard corner of Cullen boulevard and Reed road. This particular intersection sees 27,000 vehicles per day and is the main thoroughfare to enter the I-610 freeway. The investment is perfect for a principle looking to penetrate the Houston marketplace as this investment offers high residual value. The property is subject to a true triple net lease with a corporate guarantee backed by Select Management Resources. With no further options for the tenant to exercise and less than eight years remaining on term, a new owner could easily collect the remainder of the rent and reposition this asset for a higher paying tenant.

Exclusively Listed By

  • Patrick K. Conway

    Vice President Investments

    (310) 909-2386

    Email Patrick

    License(s): CA: 01894502

    West Los Angeles

  • Jack Seltzer

    Associate

    Email Jack

    License(s): CA: 02085334

    West Los Angeles

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 0432723

    Texas

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