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22424 State Highway 249
Houston, TX 77070

Jason's Deli & School of Rock · Retail Property For Sale

Investment Highlights

  • Operating under a corporate lease, Jason’s Deli provides security of income, boasting more than 290 locations in 28 states
  • The leases feature sustainable in-place rents and contractual rent increases, making the Property an ideal 1031 exchange target
  • ?UPCOMING RENTAL INCREASE | School of Rock will experience a 5% rental increase in 16 months, boosting the asset’s return in the near-term
  • School of Rock is the largest music school franchise in the United States, with 260 locations globally, and the tenant is a multi-unit operator
  • With direct access to the Highway 249 (Tomball Parkway) service drive, the Property boasts exposure to nearly 88,000 VPD
  • Jason’s Deli features a drive-thru, which has been a huge component of success for many retail tenants during the pandemic

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
8,221 SF
Building Class
C
Year Built
2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.79 AC
Frontage
225 ft on hw 249

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1166690010001
Land Assessment
$829,523
Improvements Assessment
$3,129,744
Total Assessment
$3,959,267
  • Listing ID: 24947048

  • Date on Market: 2022-01-31

  • Last Updated:

  • Address: 22424 State Highway 249, Houston, TX 77070

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