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EL MUELLE SEAFOOD | NNN GL | 2% INCREASES 6501 SW Freeway 9,000 SF Retail Building Houston, TX 77074 $6,629,973 CAD ($736.66 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Absolute Net Ground Lease (Zero Landlord Responsibilities) - 2% Annual Rental Increases throughout the Initial Term and 10% throughout the Options.
- Prime Frontage along US-59 / I-69 with Excellent Visibility and Direct Access, positioned within one of Houston’s Primary Commuter Corridors.
- El Muelle Seafood is a Growing Houston based Restaurant Concept with Multiple Locations, offering a High Volume Dining Experience.
- Tenant Recently Invested $2.4 Million in Building Improvements prior to Opening. Strong Daytime Population.
- Located within the Dense Gulfton / Sharpstown Submarket, one of Houston’s most Populated Trade Areas.
- Strategically positioned near Hillcroft Avenue and Bellaire Boulevard, two Major Commercial Corridors known for High Traffic Counts.
Executive Summary
El Muelle Seafood | Absolute NNN Ground Lease | 2% Annual Increases | High Volume, Proven Concept in Newly Renovated Building - Tenant Invested $2.4M | Extremely Dense Houston Location Just Off Interstate 69 | Established Customer Base | Near Major Corridors | Strong Retail Concentration | PlazaAmericas Proximity | Strong Daytime Population | Beltway 8 Access
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,000 SF
Building Class
B
Year Built/Renovated
1979/2025
Price
$6,629,973 CAD
Price Per SF
$736.66 CAD
Cap Rate
6.75%
NOI
$447,523 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.31 AC
Opportunity Zone
Yes
Zoning
F1
Parking
45 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- El Muelle Seafood
- Retailer
- 9,000 SF
- -
- Triple Net
- Jan 2034
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| El Muelle Seafood | Retailer | 9,000 SF | - | Triple Net | Jan 2034 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0901680000003 | Improvements Assessment | $1,785,744 CAD |
| Land Assessment | $1,971,912 CAD | Total Assessment | $3,757,656 CAD |
Property Taxes
Parcel Number
0901680000003
Land Assessment
$1,971,912 CAD
Improvements Assessment
$1,785,744 CAD
Total Assessment
$3,757,656 CAD
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EL MUELLE SEAFOOD | NNN GL | 2% INCREASES | 6501 SW Freeway
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