|
|
Capital One 1855 W Bay Area Blvd 7,002 SF Retail Building Webster, TX 77598 $2,750,000 ($392.74/SF) 4.83% Cap Rate
INVESTMENT HIGHLIGHTS
- New Developing Residential Areas
- Strong Surrounding Restaurants & Retailers
- Prime Location off of West Bay Area Blvd & I-45
EXECUTIVE SUMMARY
Current term expires 3/31/26, tenant must notify landlord 12 months in advance (March 31, 2025) if they will exercise option to renew.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Bank
Building Size
7,002 SF
Building Class
B
Year Built
2004
Price
$2,750,000
Price Per SF
$392.74
Cap Rate
4.83%
NOI
$132,825
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.07 AC
Parking
25 Spaces (3.57 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Drive Thru
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Glenwest Dr | Midbrook Dr, NW | 4,827 | 2022 | 0.20 mi |
| W Bay Area Blvd | Heritage Colony Dr, SW | 23,291 | 2018 | 0.20 mi |
| W Bay Area Blvd | Gulf Fwy, E | 26,481 | 2022 | 0.50 mi |
| W Bay Area Blvd | Pilgrims Point Dr, SW | 23,511 | 2022 | 0.52 mi |
| West Bay Area Boulevard | Gulf Fwy, E | 31,467 | 2022 | 0.54 mi |
| Pilgrims Point Dr | Wheelwright Ln, SE | 4,809 | 2022 | 0.62 mi |
| Baybrook Mall | Bentbrook Ln, SW | 5,664 | 2022 | 0.64 mi |
| Glenwest Dr | Baybrook Mall, SE | 12,581 | 2022 | 0.68 mi |
| I- 45 | W Bay Area Blvd, SE | 160,059 | 2022 | 0.71 mi |
| el Dorado Blvd | Starboard View Dr, SW | 20,892 | 2022 | 0.78 mi |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1167680020004 | Improvements Assessment | $1,609,971 |
| Land Assessment | $1,400,880 | Total Assessment | $3,010,851 |
PROPERTY TAXES
Parcel Number
1167680020004
Land Assessment
$1,400,880
Improvements Assessment
$1,609,971
Total Assessment
$3,010,851
MAP
ADDITIONAL PHOTOS
Exterior