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2120 Walker StHouston, TX 77003
Pitch 25
Asset ClassRetail
Cap Rate7.5%
Rentable SF: 25,000Access Data Room
Single Tenant Investment Opportunity in EaDo
overview of deal

Overview

  • Long-term absolute NNN lease with no landlord responsibilities
  • Tenant signed a 10-year renewal in 2025, extending the lease through 2035 with 3% annual increases and two 5-year options
  • $20.00 PSF renewal rate begins January 2028, and Seller will credit Buyer the rent differential at closing for the period before then
  • New roof installed in 2026

THE LOCATION

  • Located at the SWC of Walker St & St. Emanuel St in East Downtown (EaDo), one of Houston’s fastest-growing entertainment districts
  • Steps from Shell Energy Stadium, Daikin Park, Toyota Center, GRB Convention Center, and Discovery Green
  • Easy access to I-69/US-59 and I-45
  • 540,000+ daytime population within 5 miles and $164,000+ average household income within 1 mile

Investment Highlights

GLA: 25,000 SF

Year Built: 1940, Remodeled: 2018 & 2026

LL Responsibilities: NNN

Term: 10 Years with 2, 5-Year Options

Traffic Counts:

Walker St: 1,515 CPD ‘22

Chartres St: 13,658 CPD ‘25

 

Pitch 25’s combination of sports, entertainment, dining, and events creates a highly experiential destination capable of attracting a diverse customer base throughout the week. The venue offers a flexible environment for both casual patrons and large-scale gatherings. Pitch 25 represents a one-of-a-kind Houston entertainment concept, combining sports, hospitality, and community in a destination designed to keep guests engaged before, during, and after the game.

Demographics

1 Mile
3 Miles
5 Miles
2026 Population
32,822
211,914
477,491
5 Yr Proj. Growth
37,859
228,732
501,099
Daytime Pop.
118,547
294,247
540,597
Total Households
14,988
98,253
212,625
Avg HH Income
$164,042
$140,214
$157,711
Median Home Value
$365,007
$455,450
$536,820
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2120 Walker StHouston, TX 77003
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