Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Lease Type NN
Current / Passing Rent
Lease Expiration 2027-05-31
Remaining Term 6 years, 6 months
Tenant Guitar Center Holdings, Incorporated
Building Area
Land Area ()

Property Description

JLL is pleased to offer Guitar Center, positioned within the Tomball Parkway Shopping Center, for sale in Houston, Texas. As a shadow anchor to a Target and across the street from the Home Depot, this single-tenant property is ideally situated at the epicenter of retail along the Tomball Parkway corridor in northwest Houston. Other tenants such as H-E-B, McDonald’s, Chick-fil-A and the Vintage Park Shopping center in the immediate vicinity, creates significant traffic and drives residual value of the underlying real estate.


Guitar Center is responsible for all maintenance and repair other than roof and structure, offering future ownership a highly passive investment structure. This offering presents the unique opportunity for an investor to acquire a tenant who is the market leader in their industry, paired with a high-yield investment and unparalleled residual value in the real estate.

Investment Highlights

  • Income tax free state
  • Adjacent to Target
  • High-traffic location
  • Premier retail location in sub-market
  • 6.5 years remaining on a double net lease
Last Updated Date: 03 Nov 2020
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243
Alex Geanakos
Alex Geanakos
Director, Capital Markets
License details
475.189621

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Last Updated Date: 03 Nov 2020

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