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Burlington | New 10yr Corp NN w/ Increases 10311 Interstate 45 N 30,498 SF Retail Building Houston, TX 77037 $12,892,727 CAD ($422.74 CAD/SF) 6.25% Cap Rate
Investment Highlights
- New 10-Year Lease | Corporate Guaranty | Options To Extend | Scheduled Rental Increases | July 2026 Grand Opening
- Part of Greens Landing Shopping Center | I-45 (271,900 VPD) |Aldine Senior High School (2,500+ Students)
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Burlington investment property located in Houston, Texas. The tenant, Burlington, recently signed a brand new 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features rental increases in year 6 and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.
Property Facts
Sale Type
Investment
Property Type
Building Size
30,498 SF
Year Built/Renovated
1999/2026
Price
$12,892,727 CAD
Price Per SF
$422.74 CAD
Cap Rate
6.25%
NOI
$805,816 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
5.00 AC
Parking
93 Spaces (3.05 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Burlington
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Burlington | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1173810000001 | Improvements Assessment | $2,435,642 CAD |
| Land Assessment | $2,126,281 CAD | Total Assessment | $4,561,923 CAD |
Property Taxes
Parcel Number
1173810000001
Land Assessment
$2,126,281 CAD
Improvements Assessment
$2,435,642 CAD
Total Assessment
$4,561,923 CAD
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Burlington | New 10yr Corp NN w/ Increases | 10311 Interstate 45 N
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