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Fluff Bake Bar 1701 W 15th St 1,700 SF 100% Leased Retail Building Houston, TX 77008 $1,295,401 CAD ($762.00 CAD/SF) 6.74% Cap Rate
Investment Highlights
- $64,020 Annual NOI – $5,335/month on NNN lease, 5+ Years Remaining – Lease runs through Feb 2031, Demographics: $176K avg. HH income within 3 miles
- High-Traffic Location – 21,000 VPD on Durham Dr; Walk Score 88, Desirable Infill Submarket – Houston Heights; strong demographics & 3% vacancy
- No Escalations, No Renewal Options – Fixed income with clean exit path, Fully Renovated in 2020 – New roof, ceilings, and HVAC (under warranty)
- Passive Investment – Landlord responsible only for roof & structure
Executive Summary
NNN Retail Investment in the Houston Heights | 1701 W 15th St
Fully stabilized, turnkey retail asset leased to Fluff Bake Bar—an award-winning local bakery with a 10+ year operating history.
The tenant exercised their option and signed a 5-year Triple Net (NNN) lease through February 2031, generating $64,020 annual NOI with exterior roof and foundation landlord responsibilities and no further renewal options.
The ±1,700 SF building was fully renovated in 2020 with a new roof, HVAC (under warranty), and modern interior improvements.
Situated on a ±5,000 SF lot with 12 surface parking spaces, the property benefits from strong visibility off Durham Dr (21,000 VPD) and excellent walkability in one of Houston’s top retail submarkets.
Key Notes:
$5,335/month NNN income
5+ years remaining on current lease (through 2/28/2031)
NNN – tenant covers all operating expenses except exterior maintenance (roof and foundation)
No rent bumps or renewals remaining – clean exit or upside opportunity
Renovated in 2020 – minimal CapEx exposure
Surrounded by dense rooftops, affluent demographics, and 3% vacancy
A rare infill opportunity combining durable cash flow and long-term repositioning potential in the highly desirable Houston Heights.
Fully stabilized, turnkey retail asset leased to Fluff Bake Bar—an award-winning local bakery with a 10+ year operating history.
The tenant exercised their option and signed a 5-year Triple Net (NNN) lease through February 2031, generating $64,020 annual NOI with exterior roof and foundation landlord responsibilities and no further renewal options.
The ±1,700 SF building was fully renovated in 2020 with a new roof, HVAC (under warranty), and modern interior improvements.
Situated on a ±5,000 SF lot with 12 surface parking spaces, the property benefits from strong visibility off Durham Dr (21,000 VPD) and excellent walkability in one of Houston’s top retail submarkets.
Key Notes:
$5,335/month NNN income
5+ years remaining on current lease (through 2/28/2031)
NNN – tenant covers all operating expenses except exterior maintenance (roof and foundation)
No rent bumps or renewals remaining – clean exit or upside opportunity
Renovated in 2020 – minimal CapEx exposure
Surrounded by dense rooftops, affluent demographics, and 3% vacancy
A rare infill opportunity combining durable cash flow and long-term repositioning potential in the highly desirable Houston Heights.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,700 SF
Building Class
C
Year Built/Renovated
1925/2020
Price
$1,295,401 CAD
Price Per SF
$762.00 CAD
Cap Rate
6.74%
NOI
$87,296 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
0.11 AC
Zoning
None - Unrestricted
Parking
12 Spaces (7.06 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Fenced Lot
- Pylon Sign
- Restaurant
- Security System
- Signage
- Tenant Controlled HVAC
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (70)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0391060000045 | Improvements Assessment | $245,990 CAD |
| Land Assessment | $555,408 CAD | Total Assessment | $801,398 CAD |
Property Taxes
Parcel Number
0391060000045
Land Assessment
$555,408 CAD
Improvements Assessment
$245,990 CAD
Total Assessment
$801,398 CAD
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Fluff Bake Bar | 1701 W 15th St
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