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|Current / Passing Rent||
|Remaining Term||6 years, 10 months|
|Tenant||Guitar Center Holdings, Incorporated|
|Last Updated Date||26 Jun 2020|
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.
- 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