Asking Price
Sq. Footage 3,500
NOI Net Operating Income
Cap Rate 5.85%

Attributes

Lease Type NNN
Current / Passing Rent
Lease Expiration 2027-11-30
Remaining Term 7 years, 10 months
Tenant King Smoothie Company Incorporated
Lot Size 0.52 ACRES

Property Description

JLL, on behalf of the owner, is pleased to present the opportunity to purchase the fee simple interest in a supremely located Smoothie King with 8 years remaining on the primary lease term in Houston, Texas. Located within the Westchase Business District, one of the region’s largest employment centers with over 90,000 daytime employees, the location will continue to benefit from the area’s population growth and constant employment base. The property additionally benefits from high visibility along Westheimer Road, Houston’s primary east-west thoroughfare. This Smoothie King offers investors the opportunity to collect secure, stable income from a high-quality tenant, the largest Smoothie King franchisee in Texas.

Investment Highlights

  • Absolute NNN lease with 8 years of remaining term
  • Contractual rent growth in primary term & options
  • Largest Smoothie King franchisee in state of TX operating strategic drive-thru at site
  • Located within the high-growth Westchase District of Houston; $100M+ in developments planned
  • 3,000+ single-family homes within a one-mile radius
  • Adjacent to Phillips 66's Global HQ with exposure to 77,000 VPD




Adam Friedlander
Adam Friedlander
VP, Capital Markets
Licensed in
CA - 1806555
Ryan West
Senior Managing Director

JLL  financing

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