Asking Price Contact for pricing
Sq. Footage
NOI Net Operating Income N/A
Cap Rate N/A

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Attributes

Year Built 1963
Tenant Empower Fitness Labs
Lot Size acres

Property Description

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
Adam Friedlander
Adam Friedlander
VP, Capital Markets
Licensed in
CA - 1806555
John Indelli
Director

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