10319 North Fwy, Houston, TX

Retail for Sale - $3,960,000 - 5,133 Sq. Ft. on 1 acres


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Agent Info

NameDon Stringham

Property Info

CIMLS #920504
Location10319 North Fwy
Houston TX 77037
Last UpdatedAugust 15th, 2018
TypeRetail
Price$3,960,000
Building5,133 Sq. Ft.
Land1 acres
DemographicsView data

Contact


Property Description

This is a Chase Bank ground lease with over 15 years left on the initial lease term. There are 10% increases every 5 years and zero landlord responsibilities. JP Morgan Chase is one of the largest banks in the country. There is another branch not far away that was getting so much traffic that they decided to build this one as well.

The property sits in front of a Walmart Supercenter and has freeway frontage. There are a lot of other retailers in the area, this is main retail intersection in the area.There are over 300,000 VPD that go by this location.


Financials

$158,000 absolute NNN income to the landlord.


Location & Street View