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508 S Washington Ave 510 SF 100% Leased Retail Building Cleveland, TX 77327 $1,704,575 CAD ($3,342.30 CAD/SF)

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Investment Highlights

Brand New Construction, Dual Drive-Thru 7 Brew Coffee property in Houston TX MSA
Synergy w/ Walmart Supercenter (2.4M visits per Placer.ai) & HEB-Anchored shopping center (1.3M visits per Placer.ai) along Interstate 69 Freeway
Texas: pro-business & no state income taxes

Ultra-low rent: 3rd lowest base rent for a 7 Brew Coffee property to be listed in Texas
Impressive Multi-Brand Franchise Operator (600+ units total)
Absolute NNN Ground Lease: ultimate ease of management for investor

Executive Summary

Faris Lee Investments is pleased to present the opportunity to acquire a brand-new, dual drive-thru 7 Brew Coffee property in Houston TX MSA, with a grand opening expected in June 2026. The asset is secured by a 15-year absolute NNN ground lease featuring 10% rental increases every five years, offering investors a passive, inflation-hedged income stream with zero landlord responsibilities. Strategically positioned along Washington Ave near Interstate 69, the site benefits from strong retail synergy with nearby Walmart Supercenter and HEB-anchored shopping centers that collectively draw over 3.7 million annual visits (Placer.ai). The trade area ranks as one of the strongest-performing QSR markets in Texas, yet there is no existing QSR Coffee competition in proximity. Located within the Houston TX MSA, the #2 fastest-growing major metro in the country, and supported by Texas’ pro-business environment with no state income taxes, this offering represents a premier opportunity to acquire a brand-new, Absolute NNN 7 Brew Coffee investment property in one of Texas’ top metro areas.