Guitar Center - Houston
21503 Tx-249 Houston , TX 77070

Guitar Center - Houston - retail for sale

Download offering memorandum:

Overview



Guitar Center positioned within the Tomball Parkway Shopping Center for sale in Houston, Texas. As a shadow anchor to a Target and across the street from the Home Depot, this single-tenant property is ideally situated at the epicenter of retail along the Tomball Parkway corridor in northwest Houston. Other tenants such as H-E-B, McDonald’s, Chick-fil-A and the Vintage Park Shopping center in the immediate vicinity, creates significant traffic and drives residual value of the underlying real estate. With 7.5 years remaining on a double net lease, Guitar Center is responsible for all maintenance and repair other than roof and structure, offering future ownership a highly passive investment structure. This offering presents the unique opportunity for an investor to acquire a tenant who is the market leader in their industry, paired with a high-yield investment and unparalleled residual value in the real estate.

Investment highlights


  • Income tax free state
  • Adjacent to Target
  • High-traffic location
  • Premier retail location in sub-market
  • 7.5 years remaining on a double net lease
General
Property type Retail
Tenure type Sale/Purchase
Property address 21503 Tx-249, Houston, TX 77070
Market Houston
Land in acres 1.21
Building size 15,385  ft2
Financial
Price Confidential
Cap rate Confidential
Current NOI $276,930.00
Lease
Tenant's name Guitar Center Holdings, Incorporated
Lease type NN
Annual rent $276,930.00
Lease expiration date 05/31/2027
Remaining term 7.5Yrs

Other properties you may be interested in

  • 1165 N. Clark Retail Vertical Subdivison - Retail - Sale - Property View
    Retail
    1165 N. Clark Retail Vertical Subdivison
    1165 N Clark StChicago, IL 60610-2702
    Confidential
    18,100 ft2
    Sale/Purchase
  • 24 Hour Fitness - Dallas, TX - Retail - Sale - Property View
    Retail
    24 Hour Fitness - Dallas, TX
    2300 Fort Worth AVEDallas, TX 75211
    $13,616,000
    37,000 ft2
    Sale/Purchase
  • 260 Beacon Street - Retail - Sale - Property View
    Retail
    260 Beacon Street
    260 Beacon StSomerville, MA 02143-3534
    $2,000,000
    3,022 ft2
    Sale/Purchase
  • 3149 Ambassador Caffery Pkwy, Lafayette LA - Healthcare - Sale - Property View
    Healthcare
    3149 Ambassador Caffery Pkwy, Lafayette LA
    3149 Ambassador Caffery PkwyLafayette, LA 70506-7209
    $17,026,208
    35,367 ft2
    Sale/Purchase
  • 3500 Youngfield  - Wheat Ridge, CO - Retail - Sale - Property View
    Retail
    3500 Youngfield - Wheat Ridge, CO
    3500 Youngfield StWheat Ridge, CO 80033-5286
    $3,175,000
    6,500 ft2
    Sale/Purchase
  • 7-Eleven - Bradley Beach, NJ - Retail - Sale - Property View
    Retail
    7-Eleven - Bradley Beach, NJ
    415 Main StBradley Beach, NJ 07720-1007
    $1,645,000
    2,385 ft2
    Sale/Purchase