Retail

Guitar Center - Houston

21503 Tx-249 Houston, TX United States 77070
Asking Price
Sq. Footage 15,385
NOI Net Operating Income
Cap Rate 7.69%

Attributes

Lease Type NN
Current / Passing Rent
Lease Expiration 2027-05-31
Remaining Term 7 years, 4 months
Tenant Guitar Center Holdings, Incorporated
Lot Size 1.21 ACRES

Property Description

Guitar Center positioned within the Tomball Parkway Shopping Center for sale in Houston, Texas. As a shadow anchor to a Target and across the street from the Home Depot, this single-tenant property is ideally situated at the epicenter of retail along the Tomball Parkway corridor in northwest Houston. Other tenants such as H-E-B, McDonald’s, Chick-fil-A and the Vintage Park Shopping center in the immediate vicinity, creates significant traffic and drives residual value of the underlying real estate. With 7.5 years remaining on a double net lease, Guitar Center is responsible for all maintenance and repair other than roof and structure, offering future ownership a highly passive investment structure. This offering presents the unique opportunity for an investor to acquire a tenant who is the market leader in their industry, paired with a high-yield investment and unparalleled residual value in the real estate.

Investment Highlights

  • Income tax free state
  • Adjacent to Target
  • High-traffic location
  • Premier retail location in sub-market
  • 7.5 years remaining on a double net lease
Alex Sharrin
Alex Sharrin
SVP, Capital Markets
Licensed in
IL - 475.170243
Ryan West
Senior Managing Director

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