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5724 Highway 6
Missouri City, TX 77459
PNC Bank Ground Lease | Houston MSA · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New absolute NNN ground lease to PNC Bank, a leading financial institution with 2.2K+ branches across the U.S. and a network of over 60K partner ATMs
- Corporate-backed lease by PNC Bank, National Association (NYSE: “PNC”) offers investment-grade credit security.
- On September 8, 2025, PNC Bank agreed to acquire FirstBank Holding Company for $4.1 billion in cash and stock, expanding into Colorado and Arizona.
- Scheduled rental increases every five years, ensuring consistent income growth.
- PNC Bank posted record 2024 revenue of $21.6 billion, fueled by a 6% increase in fee income and record brokerage revenue.
- Located in an income tax-free state.
EXECUTIVE SUMMARY
High-visibility and easily accessible location at a signalized four-way intersection along State Route 6 (44,500+ AADT).
State Route 6 serves as a primary retail thoroughfare in Missouri City, feeding directly to Downtown Houston and leading to increased commuter traffic.
Outparcel to a large multi-tenant shopping center featuring anchor tenants Target, The Home Depot, and Kohl’s.
Surrounded by a vibrant mix of local and national retailers that drive Missouri City’s primary economic activity, including Walmart Supercenter, Lowe’s Home Improvement, H-E-B, Raising Cane’s, Chick-fil-A, and many more.
Beneficial proximity to First Colony Mall, drawing a high number of employees and shoppers directly past the property.
State Route 6 serves as a primary retail thoroughfare in Missouri City, feeding directly to Downtown Houston and leading to increased commuter traffic.
Outparcel to a large multi-tenant shopping center featuring anchor tenants Target, The Home Depot, and Kohl’s.
Surrounded by a vibrant mix of local and national retailers that drive Missouri City’s primary economic activity, including Walmart Supercenter, Lowe’s Home Improvement, H-E-B, Raising Cane’s, Chick-fil-A, and many more.
Beneficial proximity to First Colony Mall, drawing a high number of employees and shoppers directly past the property.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,600 SF
Building Class
B
Year Built/Renovated
2005/2012
Price
$3,476,331 CAD
Price Per SF
$965.65 CAD
Cap Rate
5.35%
NOI
$185,984 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.19 AC
Zoning
M
Parking
25 Spaces (6.94 Spaces per 1,000 SF Leased)
Frontage
514’ on Tx-6 Hwy
AMENITIES
- Freeway Visibility
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 6910-01-000-0045-907 | Improvements Assessment | $1,459,492 CAD |
| Land Assessment | $1,021,952 CAD | Total Assessment | $2,481,444 CAD |
PROPERTY TAXES
Parcel Number
6910-01-000-0045-907
Land Assessment
$1,021,952 CAD
Improvements Assessment
$1,459,492 CAD
Total Assessment
$2,481,444 CAD
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