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Property ID:
7910
Property Type:
GROUND LEASE
| Location: |
Hwy
59 AND Bellaire Blvd.
7190 Southwest Freeway
Houston, TX 77036 |
| Area Market:
|
Anchored
by the 1.2 million s.f. Sharpstown Mall.
This Property sits at the signalized hard corner of SH 59
and Bellaire Blvd. Other area retailers Include Best Buy |
| Land Area: |
0.7089 acres |
|
Lease Term: |
20
year primary term with rental rate increases years 6,
11 and 16; Four (4) options to renew at 5 years each
with 7% rental increases every 5 years. |
| Lease Type: |
NNN
Ground Lease. |
| Commencement:
|
July 2007 |
| Annual Rent: |
$230,000 |
| Sales Price: |
$4,600,000 |
|
| Contact:
|
713.587.0002 |
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omissions, change of price, and other terms prior to sale or withdrawal
without notice. The
owners or IncomeProperties.com, Inc., make no warranties, either expressed or implied as to the completeness or accuracy of any
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