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

Documents

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Attributes

Year Built 1961
Lease Type NNN
Current / Passing Rent
Tenant Shell Shack
Lot Size acres

Property Description

JLL is pleased to offer for sale the single-tenant, net leased Shell Shack (the "Property") positioned within the high-growth Washington Avenue corridor of Houston. Shell Shack is an established concept in the Dallas/Fort Worth Metroplex and this is their first location in Houston, totaling eight locations. Positioned along Washington Avenue within the Inner Loop/River Oaks submarket of Houston, this location benefits from unparalleled growth in the area with significant development in the immediate area. This offering presents the unique opportunity to acquire a stable tenant with strong yield positioned in the ideal location to see phenomenal growth over the course of the lease, providing security in residual value.

Investment Highlights

  • Excellent retail fundamentals
  • High population growth
  • Market leading multifamily occupancy
  • Accessibility across Houston
  • Passive investment
  • E-commerce resistant tenat
Adam Friedlander
Adam Friedlander
VP, Capital Markets
Licensed in
CA - 1806555
Ryan West
Senior Managing Director

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