Retail

Guitar Center - Houston

21503 Tx-249 Houston, TX United States 77070
Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

Enter the "Deal room" for exclusive documents related to this property.

I accept the terms of use, privacy policy and the confidentiality agreement

Key Facts

Lease Type NN
Current / Passing Rent
Lease Expiration 2027-05-31
Remaining Term 6 years, 11 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
  • Remaining 7.5 years on a double net lease
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
Licensed in
IL - 475.170243
Ryan West
Senior Managing Director

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.