Houston, TX - Tesla & Local Storage

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a two-tenant retail building located in Houston, Texas. The primary building is currently occupied by Tesla and Self Storage.

The subject property is strategically located at the signalized, hard corner intersection of Westheimer Road and South Gessner Road, averaging a combined 74,600 vehicles passing by daily. The site benefits from excellent visibility via significant street frontage and a large pylon sign situated along Westheimer Road. Located within a dense retail corridor, the asset is within close proximity to a variety of national/credit tenants including Walmart Supercenter, The Home Depot, Target, Ross Dress for Less, Office Depot, Big Lots, Walgreens, LA Fitness, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. In addition, the asset is surrounded by several apartment complexes including The Fields Woodlake Square (256 units), The Park at Woodlake (564 units), Woodlake Townhomes (315 units), Woodchase (270 units), and more, providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by more than 562,500 residents and 407,500 daytime employees with a healthy average household income of $102,002.