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Willis, TX - Blue River Pet Care

$1,600,000

12628 FM 1097 Road W, Willis, TX 77318

Active
Last Updated: 11/03/2022

7.5

Cap Rate

120,000

NOI

Details:
Cap Rate:    7.5%
NOI:    $120,000
Building Size:    14,529 sqft
Occupancy:    100%
Year Built:    2006
Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased, Blue River Pet Care investment property located in Willis, Texas. The tenant, BRM TX MGMT LLC., recently executed a rare 5-year extension providing for an initial term through 2025, and has 3 additional (5-year) options to extend, demonstrating their long-term commitment to the site. The building is located just 3.25 miles west of Sam Houston Town Center, a 123,000 SF neighborhood center anchored by Kroger and Walgreens. The lease is NNN with landlord responsibilities limited to roof and structure, making it an ideal investment opportunity for a passive investor.


The Blue River Pet Care is located along State Highway 1097, a major retail thoroughfare with nearly 10,700 passing by daily. The asset benefits from excellent visibility via a large pylon sign and significant street frontage, providing convenience and ease for customers. Other nearby national/credit tenants include, Tractor Supply Co., CVS Pharmacy, Dollar General, and more. The 5-mile trade area is supported by a population of over 35,500 with an average household income of $102,000.

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