Gordon Restaurant Market is a NNN investment opportunity located at the NEC of Griggs Rd & Cullen Blvd in Houston, Texas. The tenant recently signed a long-term, 10 year lease with 3, 5-year options to extend, demonstrating their commitment to the site. The tenant is currently in their 3rd term. The lease features annual rental increases throughout the initial term and option period. This attractive rent structure and steadily growing NOI hedges against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment for the passive investor.
GLA (Land): 128,907 SF
GLA (Building): 27,115 SF
Year Built: 1950
LL Responsibilities: NNN
Traffic Counts:
Griggs Rd: 8,489 CPD ‘22
Cullen Blvd: 4,282 CPD ‘23