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Wells Fargo (Ground Lease) 6907 Fm 1960 Rd W

4,064 SF Retail Building Houston, TX 77069 $5,688,520 CAD ($1,400 CAD/SF) 8.65% Cap Rate

Banks Texas Houston 6907 Fm 1960 Rd W, Houston, TX 77069

Investment Highlights

  • Corporate Ground Lease With 1.6 Years Remaining
  • Wells Fargo has Three, 5-Year Options to Renew the Lease with Scheduled 10% Increases.
  • Wells Fargo has Been Operating at This Location More Than 18 Years
  • Excellent Access and Visibility on High Trafficked Retail Corridor, Where Traffic Counts Exceed 46,712 VPD

Executive Summary

Marcus & Millichap is pleased to present the opportunity to acquire a ground lease Wells Fargo in Houston, TX. The property consists of a 4,064-square-foot, freestanding building that sits on approximately 0.96 acres of land. There are 1.6 years remaining on the lease with 10% rental increases every five years.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
4,064 SF
Building Class
B
Year Built
2005
Price
$5,688,520 CAD
Price Per SF
$1,400 CAD
Cap Rate
8.65%
NOI
$492,057 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.96 AC
Parking
24 Spaces (6 Spaces per 1,000 SF Leased)
Frontage
135 ft on Fm-1960 Rd

Amenities

  • Bus Line
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

Links

1 of 1
Walk Score ®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
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Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Chase Bank
CommunityBank of Texas
Comerica
Freebirds World Burrito
Starbucks
Five Guys
Pappasito's Cantina
McAllisters
IHOP
Olive Garden

PROPERTY TAXES

Parcel Number 1289620010003 Improvements Assessment $1,261,063 CAD
Land Assessment $1,288,532 CAD Total Assessment $2,549,595 CAD

PROPERTY TAXES

Parcel Number
1289620010003
Land Assessment
$1,288,532 CAD
Improvements Assessment
$1,261,063 CAD
Total Assessment
$2,549,595 CAD
(972) 755-5205

Contacts

  • Listing ID: 32785899

  • Date on Market: 2024-08-13

  • Last Updated:

  • Address: 6907 Fm 1960 Rd W, Houston, TX 77069

The Retail Property at 6907 Fm 1960 Rd W, Houston, TX 77069 is currently available for sale. Contact Knipp Wolf Net Lease Group | Marcus & Millichap for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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Wells Fargo (Ground Lease) | 6907 Fm 1960 Rd W
(972) 755-5205 x

Wells Fargo (Ground Lease) | 6907 Fm 1960 Rd W

1/2

Vincent Knipp

(972) 755-5205

(972) 755-5205

Ryan Wolf

(970) 274-1689

(970) 274-1689

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