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Valvoline | Abs NNN Ground Lease NEC Madera Parkway & Woodland Hills Drive Run 2,522 SF Retail Building Atascocita, TX 77346 $3,104,172 CAD ($1,230.84 CAD/SF) 5.25% Cap Rate
Investment Highlights
- Brand New 15-Year NNN Ground Lease | 10% Every 5 Years
- Part of The Market at The Groves Development | H-E-B Anchored Center
- Strong Demographics and Daytime Population in 5-Mile Trade Area
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strategic Houston MSA Location | Strong Traffic Drivers
- Proximity to $6.5B Generation Park Development & IAH Airport (George Bush International)
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Valvoline investment property located in Humble, Texas. The tenant, Valvoline LLC recently signed a brand new 15 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
2,522 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$3,104,172 CAD
Price Per SF
$1,230.84 CAD
Cap Rate
5.25%
NOI
$163,004 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.72 AC
Zoning
Commercial
Parking
13 Spaces (5.15 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Drive Thru
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1473590010002 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,024,320 CAD | Total Assessment | $1,024,320 CAD |
Property Taxes
Parcel Number
1473590010002
Land Assessment
$1,024,320 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,024,320 CAD
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Valvoline | Abs NNN Ground Lease | NEC Madera Parkway & Woodland Hills Drive Run
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