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 confidentiality agreement

Attributes

Year Built 2002
Building Area
Land Area
Last Updated Date 26 Jun 2020

Property Description

JLL is pleased to offer for sale Star Furniture Company located in Cypress, Texas. Star Furniture is an industry leading furniture and mattress store that has been in business for over 100 years, with 11 locations throughout Texas. The property is easily accessible from US-290, which serves over 120,000 VPD and with a visibility to over 28,600 VPD along Barker Cypress Road. It is also located on a strong retail corridor with leading brands including Target, Home Depot, Chase Bank, H-E-B, LA Fitness and more.


The property is leased to Star Furniture Company, LLC. It is a subsidiary of Warren Buffet’s, Berkshire Hathaway. Investors have a unique opportunity to acquire one of the top furniture and mattress brands in the 4th largest and one of the most diverse cities in the U.S., ranked number one metro for economic growth potential.

Investment Highlights

  • Fee simple interest
  • NNN lease of 10 years with 9 years of primary term remaining
  • Rental increases of 10% every 5 years
  • Three, 5-year renewal option periods
  • Over 232,000 residents within a 5-mile radius with average annual household income of $132,700


Alex Geanakos
Alex Geanakos
Director, Capital Markets
License details
475.189621
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243

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.

+358931583230

JLL  financing

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