Empower Fitness - Houston
1005 Sawyer St Houston , TX 77007-6030

Empower Fitness - Houston - retail for sale

Download offering memorandum:

Overview



Empower Fitness Lab, a single-tenant property, is up for sale in the high-growth Washington Ave Corridor in Houston, Texas. The tenant operates with 3 years remaining on a modified net lease featuring annual rental increases in the option periods. Given the robust development activity along the Washington Avenue corridor, future ownership has security in the underlying value of the real estate. This offering presents the unique opportunity to acquire a high-yield property with tremendous future potential within one of Houston's burgeoning sub-markets.

Investment highlights


  • Excellent retail fundamentals
  • High population growth
  • Market leading multifamily occupancy
  • Accessible from across Houston
  • Low maintenance investment
  • Prime hard-corner location
  • E-commerce resistant tenant
General
Property type Retail
Tenure type Sale/Purchase
Property address 1005 Sawyer St, Houston, TX 77007-6030
Market Houston
Land in acres 0.23
Building size 6,360  ft2
Year built 1963
Year renovated 1988
Financial
Price Confidential
Cap rate Confidential
Current NOI $151,887.00
Lease
Tenant's name Empower Fitness Labs

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