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Calloway's Nursery 6720 Hwy 90 Alt 4,000 SF Retail Building Sugar Land, TX 77478 $7,326,915 CAD ($1,831.73 CAD/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Calloway's Nursery With 14.5+ Years Remaining in Primary Term
- 5% Rental Increases Every 5 Years Throughout Primary Term and Options
- Affluent Community Having an Average Household Income of $151K+ Within 5-Mile Radius
- Absolute NNN Lease With Zero Landlord Responsibilities
- Densely Populated 5-Mile Area With 230,000+ Residents and 17.83% Growth Over the Past 10 Years
- Publicly Traded Tenant (OTC: CLWY) with $54M Market Cap, 40 Year Operating History
EXECUTIVE SUMMARY
Calloway's Nursery Located in The Crossing at Telfair, a 28-Acre Mixed-Use Master Planned Development — Including H-E-B, Holiday Inn, Whataburger, Chuy's, Mattress Firm, Jersey Mikes, Two Retail Centers and Telfair Office Park (70 Office Condos).
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Building Class
B
Year Built
2019
Price
$7,326,915 CAD
Price Per SF
$1,831.73 CAD
Cap Rate
6.25%
NOI
$457,932 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.12 AC
Zoning
F1 - Commercial
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0032-00-000-0354-907 | Improvements Assessment | $1,935,160 CAD |
| Land Assessment | $1,251,661 CAD | Total Assessment | $3,186,821 CAD |
PROPERTY TAXES
Parcel Number
0032-00-000-0354-907
Land Assessment
$1,251,661 CAD
Improvements Assessment
$1,935,160 CAD
Total Assessment
$3,186,821 CAD
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Calloway's Nursery | 6720 Hwy 90 Alt
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