Slim Chickens Houston, Texas

Cap Rate: 6.25%
Property type: Single-Tenant Net Lease

Property Details

Cap Rate: 6.25%
Year Built: 2017
NOI: $180,000
Building Size: 2,359 sq. ft.
Lot Size: 1.30 Acres
Lease Expiration: 2032



9850 Louetta Road
Houston, TX 77070

Slim Chickens offers a brand new 15-year absolute triple-net lease with zero landlord responsibilities commencing upon the close of escrow. There are three tenant renewal periods of five years each with attractive rental increases of 1.75% annually, beginning in year six. Slim Chickens is a brand new 2017 construction, opening soon!

The subject property is well -positioned in a highly dense retail corridor consisting of shopping centers, national and local tenants, medical centers, and hotels all within a mile and a half of this Slim Chickens. Major national and local tenants in the area include Target, Home Depot, Walgreens, HEB Texas Grocery, Aldi, Whole Foods, Wells Fargo, and many others. First Texas Hospital, HealthSouth Rehabilitation Hospital, and CHI The Vintage Hospital are all within a two-mile radius of this Slim Chickens. The subject property benefits from the many hotels nearby. Accommodations in the immediate area include Courtyard Marriott, Comfort Suites, TownePlace Suites, and Element Houston. Lone Star College, University of Houston Downtown, and the University of Houston are all located two miles from the subject property. The schools have an approximate combined enrollment of 59,366 students. This Slim Chickens also benefits from being one -mile east of Vintage Park Shopping Village. Vintage Park is a lifestyle shopping center consisting of sixteen buildings with pedestrian-friendly walkways and convenient public parking. The Vintage has become one of Houston’s most exciting master planned mixed-use developments in Houston’s history. In addition to Vintage Park, the announced projects to date contain 537,000 square feet of retail/office space, over 1,600 upscale residences, two apartment communities, a 123 -room hotel as well as the St. Luke’s and Kelsey Seybold medical campus.

Slim Chickens is situated on Louetta Road which achieves average daily traffic counts over 39,139 vehicles. Intersecting with Louetta Road is Tomball Parkway, which brings in an additional 152,949 vehicles to the area. There are approximately 100,169 people within a three-mile radius and 257,147 people within a five-mile radius.

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