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Abs. NNN Valero | Houston MSA, TX 3510 Burke Rd 2,600 SF Retail Building Pasadena, TX 77504 $8,223,608 CAD ($3,162.93 CAD/SF) 6.75% Cap Rate
Investment Highlights
- New 20 Year Absolute NNN Lease; 40 Years of Potential Remaining Lease Term; 2% Annual Rent Increases; Strong Lease Guaranty; Contact broker for detail
- 26,900 Cars Per Day at the Signalized Hard Corner Intersection Location of Burke Road and Vista Road
- Convenient Neighborhood Location Along Burke Road Near Daily-Needs Retail and Services Including; 24-Hour Walgreens, Kroger’s, Bealls, Petco, More
- Fee Simple; Land and Building Ownership; Qualifies for Bonus Depreciation (Consult with Your Tax Professional)
- Over 311,000 People and $81,371 Average Household Income within a 5-Mile Radius
- Located Within the Houston MSA and the Southeast Industrial / Petrochemical Corridor, Benefiting from Daily Traffic Generated by Refinery & Port
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,600 SF
Building Class
C
Year Built
1982
Price
$8,223,608 CAD
Price Per SF
$3,162.93 CAD
Cap Rate
6.75%
NOI
$555,094 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.71 AC
Frontage
363’ on Burke Road
Amenities
- Signage
Moderately walkable
60/100
Moderately drivable
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0341950000097 | Improvements Assessment | $583,383 CAD |
| Land Assessment | $331,161 CAD | Total Assessment | $914,544 CAD |
Property Taxes
Parcel Number
0341950000097
Land Assessment
$331,161 CAD
Improvements Assessment
$583,383 CAD
Total Assessment
$914,544 CAD
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Abs. NNN Valero | Houston MSA, TX | 3510 Burke Rd
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