Smoothie King - Houston, TX
10560 Westheimer Rd Houston , TX 77042

Smoothie King - Houston, TX - retail for sale

Download offering memorandum:

Overview



JLL, on behalf of the owner, is pleased to present the opportunity to purchase the fee simple interest in a supremely located Smoothie King with 8 years remaining on the primary lease term in Houston, Texas. Located within the Westchase Business District, one of the region’s largest employment centers with over 90,000 daytime employees, the location will continue to benefit from the area’s population growth and constant employment base. The property additionally benefits from high visibility along Westheimer Road, Houston’s primary east-west thoroughfare. This Smoothie King offers investors the opportunity to collect secure, stable income from a high-quality tenant, the largest Smoothie King franchisee in Texas.

Investment highlights


  • Absolute NNN lease with 8 years of remaining term
  • Contractual rent growth in primary term & options
  • Largest Smoothie King franchisee in state of TX operating strategic drive-thru at site
  • Located within the high-growth Westchase District of Houston; $100M+ in developments planned
  • 3,000+ single-family homes within a one-mile radius
  • Adjacent to Phillips 66's Global HQ with exposure to 77,000 VPD




General
Property type Retail
Tenure type Sale/Purchase
Property address 10560 Westheimer Rd, Houston, TX 77042-3503
Market Houston
Land in acres 0.52
Building size 3,500  ft2
Financial
Price Confidential
Cap rate Confidential
Lease
Tenant's name King Smoothie Company Incorporated
Lease type NNN
Annual rent $180,000.00
Lease expiration date 11/30/2027
Remaining term 8Yrs

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