Crash Champions (Absolute Net Lease)

Crash Champions (Absolute Net Lease)

Spring, TX

Spring, TX

Crash Champions (Absolute Net Lease)

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Crash Champions in Spring, TX. The property consists of a 13,831-square-foot, freestanding building that sits on approximately 1.47 acres of land. There are 12.7 years remaining on the lease with 10% rental increases every five years.

Price $5,422,000
Cap Rate 6.50%
Building Size 13,831 sqft
Lot Size 1.47 acres
Year Built 2020
Offering Memorandum

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633

Ryan Wolf

Managing Director
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172
Duke.Dennis@marcusmillichap.com

 

  • Absolute Net Lease With 12.7 Years Remaining & 10 Percent Rent Increases Every 5 Years
  • Corporate Guaranty From a National Operator With 600+ Locations
  • 2020 Construction Freestanding Building on an Oversized 1.47-Acre Parcel
  • Excellent Frontage on Grand Parkway (83,214 VPD)
  • Thriving North Houston Submarket – 233,000 Residents Within 5 Miles (58 Percent Growth Since 2010; +5.2 Percent Projected Through 2029)
  • Dense Retail Corridor Anchored by Grand Parkway Marketplace
  • Surrounded by Major Residential and Master-Planned Developments

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633

Ryan Wolf

Managing Director
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900

$1,995,000

% Cap

Citizens Bank (Dark)

Three Bridges, NJ

$1,450,000

% Cap

Valero Gas Station Owner-User Opportunity

Beaumont, TX

$500,000

% Cap

Gas Station Owner-User Opportunity

Houston, TX

Be the first to receive new listing alerts, special reports, industry news and more when you join our mailing list.

Keep Me Informed!

    Go to Top