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Used Car Lot For Lease | Car Dealership 411 Spencer Hwy 3,600 SF of Retail Space Available in South Houston, TX 77587
Highlights
- Turnkey Auto Dealership (same dealer for 17 years)
- Prime Spencer Hwy Frontage on a Corner Lot
- Optional Rear Storage Lot Available
- Grandfathered City of South Houston Dealer License
- Fully Paved Concrete Lot with Large Monument Sign
- NNN Lease with a Base Rent of Only $4,500 Per Month
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,600 SF | 5 Years | $21.25 CAD/SF/YR $1.77 CAD/SF/MO $76,490 CAD/YR $6,374 CAD/MO | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Car Dealership
- Space is in Excellent Condition
- Central Air and Heating
- Private Restrooms
- Print/Copy Room
- Security System
- Closed Circuit Television Monitoring (CCTV)
- Drop Ceilings
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 3,600 SF | Gross Leasable Area | 3,600 SF |
| Property Type | Retail | Year Built | 1968 |
| Property Subtype | Auto Dealership | Parking Ratio | 2.78/1,000 SF |
| Total Space Available | 3,600 SF |
| Property Type | Retail |
| Property Subtype | Auto Dealership |
| Gross Leasable Area | 3,600 SF |
| Year Built | 1968 |
| Parking Ratio | 2.78/1,000 SF |
About the Property
Turnkey Auto Dealership Available for Lease | Prime Spencer Hwy Location Rare opportunity to lease a turnkey auto dealership in one of the most established automotive corridors in the Houston area. Located at 411 Spencer Hwy in South Houston, this highly visible corner property has successfully operated as an automobile dealership for the past 17 years and is ready for its next operator. Existing dealership locations along Spencer Highway are increasingly difficult to replace due to zoning and permitting restrictions. This property offers the rare opportunity to lease a location with a long history of successful dealership operations, allowing a new operator to begin business with minimal upfront improvements. The property features a fully paved concrete lot, providing ample display space for inventory while offering durability and low maintenance. A large monument sign on Spencer Highway provides excellent visibility and exposure to the thousands of vehicles traveling the corridor each day, helping maximize brand awareness and customer traffic. The dealership is essentially turnkey and ready for a new operator. Existing dealership improvements significantly reduce startup costs, allowing a tenant to focus on opening and operating rather than investing substantial capital into converting the property for automotive use. For operators needing additional inventory storage, a fully paved concrete storage lot located directly behind the dealership is available and may be leased separately as part of the transaction. This provides additional flexibility for businesses with larger inventory needs. Lease Highlights - Base Rent: $4,500 per month NNN - Turnkey dealership setup - Prime Spencer Highway location - Highly visible corner property - Fully paved concrete display lot - Large monument sign - Optional paved rear storage lot available - Long-term lease available Sale Opportunity While the property is being offered for lease at $4,500/month NNN, the owner is also willing to sell the property for $1,400,000. Seller financing may be available to qualified buyers with a substantial down payment. Opportunities to acquire or lease an established dealership property on Spencer Highway are extremely limited. Whether you’re expanding an existing operation or opening a new dealership, this property offers an exceptional opportunity to establish your business in one of the area’s premier automotive corridors. Text Eric with any questions 713-322-4800
- Corner Lot
- Monument Signage
- Air Conditioning
Nearby Major Retailers
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Used Car Lot For Lease | Car Dealership | 411 Spencer Hwy
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