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888 W Bay Area Blvd
Webster, TX 77598

$5,385,800 USD

Restaurant For Sale  •  7,258 SF

Property Details

• Property Type Restaurant
• Total Building Size 7,835 SF
• Lot Size 2.23 AC
• Building Class B
• Year Built 2001
• Cap Rate 6.00 %
• Tenancy Single

0 Transit Score

60 Walk Score

Highlights

Absolute NNN lease with ±13.75 years remaining and 2% annual rent increases.

Corporate-guaranteed lease by Red Lobster with 545+ locations nationwide.

High-visibility location with ±37,000 VPD on W Bay Area Blvd and near I-45.

Affluent area with average household income exceeding $113,000 within 5 miles.

Proximity to Baybrook Mall, a super-regional center with 200+ retailers.

Located in Houston MSA, the 5th largest and fastest-growing metro in the U.S.

Cap Rate:

6.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Red Lobster

Public Transportation

Airport	Drive	Walk	Distance
William P Hobby	23 min	-	12.4 mi
George Bush Intcntl/Houston	52 min	-	41.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	110
Type:	Surface
Included in Rent:	Yes