Description

SunAuto Tire & Service is a fully occupied retail property at 1211 Northpark Drive in Kingwood, TX. The 10,729 SF building offers an investor an automotive-service tenancy on a Northpark Drive site with 32,558 AADT.

Built in 2019 on 1.52 acres, the property has 44 parking spaces and a parking ratio of 4.10 per 1,000 SF. Its standalone format, service bays and monument sign give the tenant a distinct presence for customers arriving by car. Sun Auto occupies the property under an Absolute Net lease with a corporate guaranty from CH Hold Corp. The lease has 8+ years remaining and calls for 10% rental increases every 5 years.

Northpark Drive provides direct access to I-69/US 59, linking the property to the wider Houston area. Kroger Marketplace, H-E-B and Walmart are among the retailers in the surrounding trade area, placing Sun Auto near other established shopping destinations. Downtown Houston is 25.5 miles away. For an investor, the setting connects a service-oriented tenant to a residential trade area while keeping the property visible on a heavily traveled road.

The asking price is $6,360,000, with $400,699 in NOI and a 6.30% cap rate. The Absolute Net structure places property expenses and maintenance responsibilities with the tenant, making the lease terms central to the investment case. Full occupancy and scheduled rent increases give a buyer an established income stream with a defined path for contractual growth. Review the Offering Memorandum for the property and transaction details.