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3486 Discovery Creek Blvd
Spring, TX 77386 Porter Heights/Woodbranch

$3,440,000 USD

Restaurant For Sale  •  6,198 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 6,198 SF
  • Lot Size 0.96 AC
  • Building Class B
  • Year Built 2020
  • Cap Rate 6.25 %
  • Tenancy Single
50 Walk Score

Highlights

New 20-Year Absolute NNN Lease Commencing at Close of Escrow w/ Zero Landlord Responsibilities
Extremely Low Rent-to-Sales Ratio and Strong Approximate 2.50x EBITDAR Coverage Ratio
2% Annual Rent Increases Plus Four (4) Five-Year Renewal Options for Up to 20 Additional Years
Newer High-Quality 2020 Construction, ±6,198 SF Building Plus ±1,620 SF Patio on ±0.95 Acres
Located in the Affluent Spring/The Woodlands Submarket With ~$176K Average Household Income Within 1-Mile
Just 3 Miles From ExxonMobil's 385-Acre Corporate Headquarters (10,000-Person Campus)

Property Flyers

Cap Rate: 6.25 %

Amenities

  • 24 Hour Access

Public Transportation

AirportDriveWalkDistance
George Bush Intcntl/Houston 23 min - 17.6 mi
William P Hobby 58 min - 39.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 63
Type: Surface
Included in Rent: Yes
Tyler Bindi 408-510-9057 Marcus & Millichap
Tyler Bindi 408-510-9057 Marcus & Millichap