Seri Bryant

Associate

818.212.2655

Seri.Bryant@MarcusMillichap.com

"

The quality of your thinking determines the quality of your life. "

Danny Abergel

Senior Associate

CA BRE: 01797904

818.212.2715

Danny.Abergel@MarcusMillichap.com

"

Beware of the little expenses. A small leak can sink a great ship."

Rebekah Snyder

Senior Research Analyst

818.212.2731

Rebekah.Zweiban@MarcusMillichap.com

"

Two things define you. Your patience when you have nothing, and your attitude when you have everything."

Ezra Orr

Senior Director, Digital Development

818.212.2730

"

The only person you should try to be better than is the person you were yesterday."

Jesica Ocheltree

Operations Manager

818.212.2730

"

Happiness is a choice, not a result. "

Kathy Magallanes

Certified Agent Support Specialist

"

Success is not in what you have, but who you are."

Red Lobster

4717 Highway 10, Baytown, TX 77521

Price:
$2,987,827
CAP Rate:
5.80%
NOI:
$173,294
Net Rentable Area:
9,015 SF
Lot Size:
1.87 Acres
Year Built:
1998
Status:
Available

Download the Offering Memorandum for details about the tenant, lease, financials, and more.

DOWNLOAD THE OFFERING

Property Details

  • Long term corporate guaranteed true NNN lease
  • No landlord responsibilities
  • 2% annual rent bumps hedges against inflation
  • Over life of base term, the average Return is 7.28%
  • Affluent Houston suburb where average household income exceeds $109,103

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