Hustler Hollywood
5,490 SF | Retail Building | Tomball, TX 77377 | $2,638,000 ($481/SF) | 7.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,638,000
- Property Type
-
Retail
- Square Feet
- 5,490 SF
- Price / Square Foot
- $481
Listing Contacts
John Andreini
Verified Profile
Kirby Dederian
Verified Profile
- Property Info
Property Overview
A corporate Hustler Hollywood with 10 years on the lease featuring 2% annual rental increases throughout the primary term and both options. The subject property features significant frontage on a heavily trafficked interstate in Tomball, a densely populated Houston suburb.
Property Details
- Year Built/Renovated
- 2004/2022
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 40,511 SF
Highlights
- 10-year corporate net lease with 2% annual rental increases
- Freestanding building with dominant visibility, access, and traffic counts
- Parent Company Corporate Lease
- Very difficult to obtain zoning
- Subject property features significant frontage on Tomball Parkway – 85K VPD
- Excellent demographics within a 5-mile radius of the property – 245,398 residents and an average household income of $117,510
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