Houston, TX - Taco Cabana

Description:

• The tenant recently signed a brand new 5-year lease extension with 2 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 11.4% rental increases at the beginning of each option period, growing NOI and hedging against inflation

• The subject property is strategically located at the hard-corner intersection of S Post Oak Rd and W Bellfort Ave, combining to average over 77,700 vehicles passing by daily
• The site is located in the center of a primary retail corridor with other national/credit tenants including Walmart, Home Depot, Lowe’s, H-E-B, Kroger, Kohl’s, Burlington, Chick-fil-A, McDonald’s, and many more
• Strong tenant synergy promotes crossover shopping to the asset