Smoothie King Houston OM 2018.11.08
SMOOTHIE KING HOUSTON | TEXAS TABLE OF CONTENTS I. EXECUTIVE SUMMARY Executive Summary 4 Investment Highlights 5 Location Map 6 Aerial Photo 7 II. PROPERTY DESCRIPTION Property Description 10 Lease Summary 11 Tenant Summary 12 III. MARKET OVERVIEW Market Overview 14 Demographics 15 214.380.3670 EXECUTIVE SUMMARY SMOOTHIE KING HOUSTON | TEXAS EXEC UTI V E SUMMA R Y SAM HOUSTON TOLLWAY - 194,000 VPD WESTHEIMER ROAD - 82,000 VPD Property Smoothie King Real Capital Investments is pleased to offer to qualified investors a Smoothie King situated on approx- imately 22,455 square feet or 0.5155 acres of land. The tenant is the largest Smoothie King franchisee Location NEC Westheimer Road & Blue Willow Drive and the guarantors place very strong, personal guarantees on the lease. The lease is an absolute Address 10600 Westheimer Road, Houston, TX 77042 NNN lease, the safest type of real estate, with no landlord responsibilities whatsoever, creating a safe, passive income stream for an investor. The property is strategically located at the signalized intersec- Purchase Price $3,789,473 tion of Westheimer Road and Blue Willow Drive in Houston, TX. This is an irreplaceable, trophy location in the extremely high barrier to entry Westchase District, which contains over 18 million square feet of NOI $180,000 office space and over 1,500 businesses, including the new Phillips 66 global headquarters with over 2,200 employees. This is an infill location with over 554,000 people living in a 5-mile radius of the prop- Cap Rate 4.75% erty. Additionally, there are over 298,000 employees in a 5-mile radius of the property.
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