Title Max + Tune Up, Spring, Texas

513 Sawdust Road no-imageVIEW MAP

Property Information

Price: $1,587,692

Cap Rate: 6.50%
NOI: $103,200
Lease Term: 5 Years / 7 Years
Lease Type: NNN
Building Size: Approximately 3,000 Square Feet
Year Built: 1995/2019
Status: Available
Lead Broker Information:

Randy Bell



Property Description

Real Capital Investments is pleased to offer to qualified investors the opportunity to acquire a two-tenant, 3,000 square foot center that is leased to TitleMax and Tune Up The Manly Salon. The property is situated near the signalized, hard corner intersection of Sawdust Road and Budde Road, in an extremely high barrier to entry trade area. Traffic counts on Sawdust Road exceed 59,000 vehicles per day, with an additional 281,000+ vehicles per day traveling on Interstate 45. This is a dense, infill area with over 198,000 people living in a 5-mile radius of the property. Average household income within this 5-mile radius exceeds $116,000. Sawdust is the “back door” entrance to The Woodlands, a 43 square mile, master-planned community with amenities such as a resort, country club tournament golf course, 147 parks, 220 miles of trails and 3 award-winning school districts. The property is positioned within a mile of Hailey Elementary School, Wilkerson Intermediate School and Knox Junior High School that collectively have more than 2,900 students enrolled. Situated across from the property is the Woodforest National Bank corporate headquarters with more than 650 employees. In addition to the high population of residents, the area has a high daytime population with over 22 million square feet of office, 7.4 million square feet of industrial and more than 96,000 employees in a 5-mile radius. The multifamily density in this area is tremendous with more than 6,400 units within a mile of the property. The Woodlands is an affluent, multi-generational north Houston neighborhood that enjoys a reputation for a high quality of life thanks to its safety, affordability, prestigious schools, convenient access to many major employers and a multitude of nearby amenities. This TitleMax + Tune Up offering provides an investor the opportunity to acquire a property that will bring income for decades due to its positioning in a high barrier to entry market, with a growing population and excellent real estate fundamentals. The property was recently redeveloped with newly executed leases in place and no upcoming capital improvement requirements, which results in minimal landlord responsibility and a stable income stream for an investor.

Investment Highlights

  • Low Price-Point Two-Tenant Asset with Rental Increases Throughout the Initial Term and Option Periods, Growing the NOI and Providing a Strong Hedge Against Inflation
  • Great Real Estate Fundamentals – Situated in a Major Throughfare with Excellent Access and Visibility
  • Both Tenants Have NNN Leases That Reimburse for CAM, Taxes and Insurance, Providing an Ideal Lease Structure for a More Passive Investor
  • Well Positioned in an Extremely High Barrier to Entry Trade Area Containing Over 2.6 Million Square Feet of Retail and Restaurant Space – Only Market Penetration Opportunities are High-Cost Redevelopment
  • High Traffic Location with More Than 59,000 Vehicles Per Day on Sawdust Road with an Additional 281,000+ Vehicles Per Day Traveling on Interstate 45
  • Densely Populated Location with Excellent Demographics – More Than 198,000 People Living in a 5-Mile Radius with Average Household Income Exceeding $116,000
  • Both Tenants Have Remained Open Throughout COVID and Currently Paying Full Rent
  • Tremendous Recent Growth – Over 127% Population Growth in a 5-Mile Radius Since the 2000 Census
  • Located at the Back Door to The Woodlands, a 43 Square Mile, Master-Planned Community with Amenities Such as a Resort and Country Club Tournament Golf Course – Home to 147 Parks, 220 Miles of Trails and 3 Award-Winning School Districts
  • Positioned within 1 Mile of Hailey Elementary School, Wilkerson Intermediate School and Knox Junior High School with Collectively More Than 2,900 Students Enrolled
  • Situated Near the Woodforest National Bank Headquarters with Over 650 Employees
  • High Daytime Population – Over 22 Million Square Feet of Office, 7.4 Million Square Feet of Industrial and More Than 96,000 Employees in a 5-Mile Radius
  • Tremendous Multifamily Density with Over 6,400 Apartment Units within a Mile of the Property
  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset