RESTAURANT FOR SALE 7,415 sq ft€¦ · 7,415 sq ft. Restaurant building for Restaurant 45 North...
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1 RESTAURANT FOR SALE 15335 North Freeway, Houston TX 77090 HIGHLIGHTS 7,415 sq ft • Prominent Retail Location Neighboring Numerous Shopping Centers and Major Retail Tenants - Nearby Anchor Tenants include Sam’s Club, Target, Walmart, CVS, Walgreens, ALDI & more • Across to the New 727,600 Square Foot Build-to-Suit Distribution Facility for Grocer’s Supply - Expected to Employ 1,800+ • Approximately 3 miles from Lone Star College – North Harris - 15,660+ Students • Proximity to Numerous Major Houston Employers Nearby Employers Include Exxon Land Development, Sysco Houston, Amazon Distribution Center, CVS Distribution Center & more • 3.5 Miles from George Bush Intercontinental Airport - 43.8 Million Passengers in 2018 - 15th Busiest Airport Nationwide by Total Passenger Traffc • Houston is Consistently one of the Fastest-Growing Cities in the U.S. - 4th Largest City in the U.S. by Population - Houston MSA GDP Exceeds $490 Billion Geroge Bush Intercontinental Airport North Houston Interstate 45 Fwy HOV Inte rs t a t e 4 5 F w y H O V E Richey Rd Farm to Market 1960 Rd E Aldine Westfeld Rd Aldine Westfeld Rd Ella Blvd Ella Blvd Franklin Rd Rankin Rd Rankin Rd Farrell Rd E Airtex Dr Rankin Rd Lochirvar Golf Club E Richey Rd I m pe r i a l V a l l e y D r I m p e r i a l Vall e y D r E A irte x D r H a r d y T o ll R d ( T o ll roa d ) Hardy Toll Rd (Toll road) Hardy Toll Rd (Toll road) IMPERIAL PLAZA REMINGTON RANCH BLUE ASH SYCAMORE BEND N. HOUSTON INDUSTRIES NORTH VIEW WESTFIELD SITE Gil Ramirez, Jr. 713-991-0026 832-387-7643 [email protected] Tommy Torres 713-991-0026 281-914-0099 [email protected] The information contained in this document has been obtained from private and goverment sources, believed reliables. While GRP. does not doubt its accuracy, GRP has not verifed it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confrm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, fnancial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
Transcript of RESTAURANT FOR SALE 7,415 sq ft€¦ · 7,415 sq ft. Restaurant building for Restaurant 45 North...
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RESTAURANTFOR SALE
15335 North Freeway, Houston TX 77090
HIGHLIGHTS
7,415 sq ft
• Prominent Retail Location Neighboring Numerous Shopping Centers and Major Retail Tenants
- Nearby Anchor Tenants include Sam’s Club, Target, Walmart, CVS, Walgreens, ALDI & more
• Across to the New 727,600 Square Foot Build-to-Suit Distribution Facility for Grocer’s Supply
- Expected to Employ 1,800+
• Approximately 3 miles from Lone Star College – North Harris
- 15,660+ Students
• Proximity to Numerous Major Houston Employers Nearby Employers Include Exxon Land Development, Sysco Houston, Amazon Distribution Center, CVS Distribution Center & more
• 3.5 Miles from George Bush Intercontinental Airport - 43.8 Million Passengers in 2018 - 15th Busiest Airport Nationwide by Total Passenger Traffic
• Houston is Consistently one of the Fastest-Growing Cities in the U.S.
- 4th Largest City in the U.S. by Population - Houston MSA GDP Exceeds $490 Billion
Geroge Bush
Intercontinental
Airport
North Houston
Inte
rstate
45 F
wy H
OV
Inte
rstate
45
Fw
y HO
V
E Richey Rd
Farm to Market 1960 Rd E
AldineW
estfieldRd
AldineW
estfieldRd
Ella B
lvd
Ella
Blv
d
Franklin Rd Rankin Rd Rankin Rd
Farre
ll Rd
E Airtex Dr
Rankin Rd
Lochirvar Golf Club
E Richey Rd
Imperial V
alley D
r
Imperial Valley D
r
E Airtex Dr
Hard
y Toll R
d (Toll road)
Hard
y Toll R
d (To
ll road
)
Hardy Toll Rd (Toll road)
IMPERIAL
PLAZA
REMINGTON
RANCH
BLUE ASH
SYCAMORE
BEND
N. HOUSTON
INDUSTRIES
NORTH VIEW
WESTFIELD
SITE
Gil Ramirez, Jr. 713-991-0026 832-387-7643 [email protected]
Tommy Torres 713-991-0026 281-914-0099 [email protected]
Theinformationcontainedinthisdocumenthasbeenobtainedfromprivateandgovermentsources,believedreliables.WhileGRP.doesnotdoubtitsaccuracy,GRPhasnotverifieditandmakesnoguarantee,warrantyorrepresentationaboutit.Itisyourresponsibilitytoindependentlyconfirmitsaccuracyandcompleteness.Anyprojections,opinions,assumptionsorestimatesusedareforexampleonlyanddonotrepresentthecurrentorfutureperformanceoftheproperty.Thevalueofthistransactiontoyoudependsontaxandotherfactorswhichshouldbeevaluatedbyyourtax,financialandlegaladvisors.Youandyouradvisorsshouldconduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
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15335 North Freeway, Houston TX 77090
The property is situated with excellent access and visibility at the junction of East Richey Boulevard and I-45, a major regional arterial linking Houston to Dallas.
SITE
The information contained in this document has been obtained from sources believed reliable. While GRP. does not doubt itsaccuracy,GRPhasnotverifieditandmakesnoguarantee,warrantyorrepresentationaboutit.Itisyourresponsibilitytoindependentlyconfirmitsaccuracyandcompleteness.Anyprojections,opinions,assumptionsorestimatesusedarefor example only and do not represent the current or future performance of the property. The value of this transaction to youdependsontaxandotherfactorswhichshouldbeevaluatedbyyourtax,financialandlegaladvisors.Youandyouradvisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
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EXECUTIVE SUMMARY
Restaurant For Sale
Property Details
LOCATION
LOT SIZE
BUILDING SIZE
OCCUPANCY
SEATING
PRICE
The property is located at 15335 North Freeway in Houston, Texas.
Approximately 2.9 acres or 126,759 sf. 7,415 sq ft. Restaurant building for Restaurant 45 North
300
CALL FOR PRICE
The information contained in this document has been obtained from sources believed reliable. While GRP. does not doubt itsaccuracy,GRPhasnotverifieditandmakesnoguarantee,warrantyorrepresentationaboutit.Itisyourresponsibilitytoindependentlyconfirmitsaccuracyandcompleteness.Anyprojections,opinions,assumptionsorestimatesusedarefor example only and do not represent the current or future performance of the property. The value of this transaction to youdependsontaxandotherfactorswhichshouldbeevaluatedbyyourtax,financialandlegaladvisors.Youandyouradvisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
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EXECUTIVE SUMMARY
Restaurant For Sale
Site Information
The subject property is prominently situated with excellent
access and visibility at the junction of East Richey Boulevard
(28,000 AADT) and I-45 (258,000 AADT), a major regional
arterial linking Houston to Dallas. The site benefits fromrobust demographics with a total daytime population of
283,232 and average household income exceeding $68,000
withinfivemilesofthesite.Thesiteislocatedapproximately18 miles north of Downtown Houston and approximately
3.5 miles from George Bush Intercontinental Airport, the
15th busiest airport in the U.S. by total passenger traffic,which served more than 43.8 million passengers in 2018.
Theproperty benefits fromaprominent retail location nearshopping centers, major employers, schools, and more.
Nearby shopping centers include North Junction Plaza,
anchored by PetSmart; Cypresswood Court Shopping
Center, a Target-anchored center with additional tenants
including Best Buy, Kirkland’s, Staples, and more; Spring
Village Center, featuring Walgreens, LA Fitness, The Home
Depot, AMC Theaters, and more; Cypress Station, featuring
Dollar Tree and DaVita; Cypress Pointe, with tenants including
Planet Fitness, Kroger, DD’s Discounts, and more; Luetta
Central II, anchored by Walmart Supercenter with additional
tenants including Dollar Tree, Ross, and Michael’s; Cypress
Landing, featuring Gold’s Gym and Dollar Tree; Crossroads
Shopping Center, with tenants including Dollar General and
Advance Auto Parts; North Oaks Shopping Center, featuring
Hobby Lobby, 24 Hour Fitness, & more. Other major tenants
in the surrounding area include Sam’s Club, ALDI, Walmart,
CVS, Walgreens, Food Town, Dollar General, CarMax, Floor
& Décor, Olive Garden, Buffalo Wild Wings, and more. >>
The information contained in this document has been obtained from sources believed reliable. While GRP. does not doubt itsaccuracy,GRPhasnotverifieditandmakesnoguarantee,warrantyorrepresentationaboutit.Itisyourresponsibilitytoindependentlyconfirmitsaccuracyandcompleteness.Anyprojections,opinions,assumptionsorestimatesusedarefor example only and do not represent the current or future performance of the property. The value of this transaction to youdependsontaxandotherfactorswhichshouldbeevaluatedbyyourtax,financialandlegaladvisors.Youandyouradvisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
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EXECUTIVE SUMMARY
Restaurant For Sale
Site Information
>> In addition, the property is located near to a new 727,600
sq ft. distribution facility for Grocer’s Supply, a subsidiary
of C&S Wholesale Grocers, the largest wholesale grocery
distributor in the U.S. by revenue, slated for completion in
2019. The new facility is expected to employ approximately
1,800,drawingsubstantialadditionaltraffictothesite.Othermajor employers in the surrounding area include Exxon Land
Development, Sysco Houston, Exterran, Amazon Distribution,
CVS Distribution, Northern Tool & Equipment, Lennar
Corporation, and more. In addition, the property is located
approximately 3 miles from the North Harris campus of Lone
Star College, with a student body of more than 15,660. The
site also neighbors Chester Nimitz High School, WestfieldHigh School, Richey Academy, Bammel Middle School,
Parker Elementary School, and the transportation center of
the Spring Independent School District, drawing additional
trafficfromstudents,parents,andstaffproximaltothesite.The property is also located approximately 2.5 miles from
HCA Houston Healthcare Northwest, a 311-bed hospital and
level-II trauma center and Cypress Creek Hospital, a 128-bed
hospital specializing in behavioral health, drawing additional
trafficfromdoctors,patients,andstaffinthesurroundingarea.
The information contained in this document has been obtained from sources believed reliable. While GRP. does not doubt itsaccuracy,GRPhasnotverifieditandmakesnoguarantee,warrantyorrepresentationaboutit.Itisyourresponsibilitytoindependentlyconfirmitsaccuracyandcompleteness.Anyprojections,opinions,assumptionsorestimatesusedarefor example only and do not represent the current or future performance of the property. The value of this transaction to youdependsontaxandotherfactorswhichshouldbeevaluatedbyyourtax,financialandlegaladvisors.Youandyouradvisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
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EXECUTIVE SUMMARY
Restaurant For Sale
TOTAL POPULATION ..................................... 279,939
MEDIAN HOME VALUE ................................. $203,096
AVG. HOUSEHOLD INCOME ......................... $68,370
Major Employers in Houston
# of Employees
WALMART ...................................................... 34,000
HEB ................................................................ 26,956
MEMORIAL HERMANN HEALTH SYSTEM ... 26,011
HOUSTON METHODIST ................................ 22,247
THE UNIVERSITY OF TEXAS MD
ANDERSON CANCER CENTER .................... 20,189
KROGER COMPANY ..................................... 17,188
MCDONALD’S CORP .................................... 16,100
UNITED AIRLINES ......................................... 14,084
TEXAS CHILDREN HOSPITAL ....................... 13,445
EXXON MOBIL CORP ................................... 13,000
The information contained in this document has been obtained from sources believed reliable. While GRP. does not doubt itsaccuracy,GRPhasnotverifieditandmakesnoguarantee,warrantyorrepresentationaboutit.Itisyourresponsibilitytoindependentlyconfirmitsaccuracyandcompleteness.Anyprojections,opinions,assumptionsorestimatesusedarefor example only and do not represent the current or future performance of the property. The value of this transaction to youdependsontaxandotherfactorswhichshouldbeevaluatedbyyourtax,financialandlegaladvisors.Youandyouradvisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
Site Information
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EXECUTIVE SUMMARY
Restaurant For Sale
The information contained in this document has been obtained from sources believed reliable. While GRP. does not doubt itsaccuracy,GRPhasnotverifieditandmakesnoguarantee,warrantyorrepresentationaboutit.Itisyourresponsibilitytoindependentlyconfirmitsaccuracyandcompleteness.Anyprojections,opinions,assumptionsorestimatesusedarefor example only and do not represent the current or future performance of the property. The value of this transaction to youdependsontaxandotherfactorswhichshouldbeevaluatedbyyourtax,financialandlegaladvisors.Youandyouradvisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
SITE
GEORGE BUSH
INTERCONTINENTAL
AIRPORT
SITE
Lochinvar
Golf Club
Site Location
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EXECUTIVE SUMMARY
Restaurant For Sale
Demographics
Population Summary 1 Mile 3 Miles 5 Miles 2010 TOTAL POPULATION ............................ 10,600 89,601 241,931
2019 TOTAL POPULATION ............................ 12,574 108,990 279,939
2024 TOTAL POPULATION ............................ 13,655 118,951 301,523
2019-2024 ANNUAL RATE ............................ 1.66% 1.76% 1.50%
Average Household Income 2019................................................................ $55,366 $59,284 $68,370
2024................................................................ $63,064 $68,217 $78,337
Median Home Value
2019................................................................ $136,767 $174,921 $203,096
2024................................................................ $146,626 $198,904 $240,353
The information contained in this document has been obtained from sources believed reliable. While GRP. does not doubt itsaccuracy,GRPhasnotverifieditandmakesnoguarantee,warrantyorrepresentationaboutit.Itisyourresponsibilitytoindependentlyconfirmitsaccuracyandcompleteness.Anyprojections,opinions,assumptionsorestimatesusedarefor example only and do not represent the current or future performance of the property. The value of this transaction to youdependsontaxandotherfactorswhichshouldbeevaluatedbyyourtax,financialandlegaladvisors.Youandyouradvisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
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MAJOR SITE INFORMATION
Restaurant For Sale | 15335 North Freeway, Houston TX 77090
I-45 ........................ 293,661CARS PER DAY
E RICHEY ................28,000 CARS PER DAY
Traffic
Theinformationcontainedinthisdocumenthasbeenobtainedfromsourcesbelievedreliable.WhileGRP.doesnotdoubtitsaccuracy,GRPhasnotverifieditandmakesnoguarantee,warrantyorrepresentationaboutit.Itisyourresponsibilitytoindependentlyconfirmitsaccuracyandcompleteness.Anyprojections,opinions,assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you dependsontaxandotherfactorswhichshouldbeevaluatedbyyourtax,financialandlegaladvisors.Youandyouradvisorsshouldconductacareful,independentinvestigation of the property to determine to your satisfaction the suitability of the property for your needs.
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RESTAURANTFOR SALE
15335 North Freeway, Houston TX 77090
Gil Ramirez Properties LTD (“Broker”) has been retained on an exclusive basis to market the property described herein (“Property”). Broker has been authorized by the Seller of the Property (“Seller”) to prepare and distribute the enclosed information (“Material”) for the purpose of
soliciting offers to purchase from interested parties. More detailed financial, title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and a prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be asked to provide financial references. The eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller deems appropriate. The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of the Property. The Material is not to be copied and/or used for any other purpose or made available to any other person without the express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all the information that a prospective buyer may require. The information contained in the Material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates. The pro forma is delivered only as an accommodation and neither the Seller, Broker, nor any of their respective affiliates, agents, representatives, employees, parents, subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any existing or available financing and must independently confirm the accuracy of the projections contained in the pro forma. Seller reserves the right, for any reason, to withdraw the Property from the market. Seller has no obligation, express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto. Property walk-throughs are to be conducted by appointment only. Contact Broker for additional information.
Gil Ramirez, Jr. 713-991-0026 832-387-7643 [email protected]
Tommy Torres 713-991-0026 281-914-0099 [email protected]
