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2102 Southmore Ave 2,291 SF Retail Building Pasadena, TX 77502 $837,210 CAD ($365.43 CAD/SF) 7.11% Cap Rate
Investment Highlights
- Outdoor seating
- On site parking
- Great traffic exposure
Executive Summary
Drive thru fast food restaurant for sale by owner—restaurant currently under a 5-year lease. The rent is $3,500. Last year on the contract rent goes to $4,000. All maintenance is lessee's responsibility. Restaurant has grease trap, two vent hoods, A/C was recently replaced. Tenant willing to leave if new owner wants him to. Owner willing to finance with 20% down.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,291 SF
Building Class
C
Year Built/Renovated
1964/2001
Price
$837,210 CAD
Price Per SF
$365.43 CAD
Cap Rate
7.11%
NOI
$59,563 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.28 AC
Zoning
None - No zoning
Parking
10 Spaces (4.36 Spaces per 1,000 SF Leased)
Amenities
- Food Court
- Signage
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0821680000021 | Total Assessment | $312,513 CAD |
| Land Assessment | $177,656 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $134,857 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
0821680000021
Land Assessment
$177,656 CAD
Improvements Assessment
$134,857 CAD
Total Assessment
$312,513 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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2102 Southmore Ave
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