Houston Commercial Property of the Week. 1440 S Voss Rd Houston, TX 77063 · 15,433 SF · Retail For Sale

November 16, 2016

 

TRADER JOE'S LAND/GROUND LEASE

Price$14,545,000

Gross Leasable Area15,433 SF

Cap Rate 4.40%. We can negotiate this for you up to 5.5% CAP RATE.

Price/SF $942.46

Occupancy100%

Property TypeRetailTenancyMultiple

Property Sub-typeSpecialty Center

Year Built2012

Property Use TypeNet Lease Investment with 10+ years left on lease

 
Description

Aron Cline and Matthews Retail Advisors are pleased to exclusively offer for sale to qualified investors a prime trophy location net leased organic grocery store opportunity located within close proximity to Downtown Houstonand Uptown Houston. The subject property is a ground Lease (Land Fee Simple Ownership) with recent high quality construction leased to highly desirable tenant Trader Joe' s.

The subject property is conveniently located to serve the affluent Uptown Houston area, including Tanglewood; The Memorial Villages, which include Spring Valley Village, Piney Point Village, Bunker Hill Village, Hedwig Village, Hilshire Village and Hunters Creek Village; and the Woodlake/Briar Meadow and Briargrove Communities.

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