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Abs. NNN Phillips 66 | Houston MSA, TX 4006 Center St 3,502 SF Retail Building Deer Park, TX 77536 $3,894,344 CAD ($1,112.03 CAD/SF) 7% 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
- Excellent Visibility and Access Along Center Street; 24,100 Cars Per Day Frontage along Center Street, a Primary Retail Corridor in Deer Park
- Nearby Retailers include Dutch Bros Coffee, Starbucks, Walgreens, Taco Bell, bealls, Food Town, Firehouse Subs, Sonic Drive-In, Planet Fitness
- Fee Simple; Land and Building Ownership; Qualifies for Bonus Depreciation (Consult with Your Tax Professional)
- Excellent Demographics with Population of 186,915 and $99,588 Average Household Income within 1-Mile Radius
- Deer Park is part of the Houston MSA, home to the Energy Corridor and is the Energy Industry Hub in the Nation
Executive Summary
Qualifies for Bonus Depreciation (Consult with Your Tax Professional)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,502 SF
Building Class
C
Year Built
1994
Price
$3,894,344 CAD
Price Per SF
$1,112.03 CAD
Cap Rate
7%
NOI
$272,604 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.52 AC
Opportunity Zone
Yes
Moderately walkable
60/100
Moderately drivable
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0462250000006 | Improvements Assessment | $576,462 CAD |
| Land Assessment | $452,370 CAD | Total Assessment | $1,028,832 CAD |
Property Taxes
Parcel Number
0462250000006
Land Assessment
$452,370 CAD
Improvements Assessment
$576,462 CAD
Total Assessment
$1,028,832 CAD
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Abs. NNN Phillips 66 | Houston MSA, TX | 4006 Center St
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