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Views: 66 DOM: 91 Updated: 11.11.24 Posted: 08.15.24 Status: Active

Summary

Price $887,360
Built/Renov 1979
Tenant TitleMax
Cap Rate 7.50%
Lease Type Double NN
Guarantor Corporate
Size/SF 2,057
Lease Start 03-01-2014
#Units 900
Price/SF $431.39
Expiration 03-31-2029
Tenant Type Bank/Financial
NOI $66,552
R. Term 4.4
Ownership Fee Simple
Rent/SF $32.35
Increases 3.5%/2/yrs
Pop 5Mi 68,818
Lot/AC 0.52
Options 1/5yrs/12%
AHHI 5Mi $76,792

Lease Highlights

  • TitleMax has 4+ years remaining on the recently extended lease term with 1 (5-year) option to extend
  • 3.48% rent increase coming in April 2026 | 12% rent increase at the start of the remaining option period
  • Corporate guaranteed lease

Location Description

TitleMax is strategically located at the signalized, hard corner intersection of North Navarro Street and E Circle Street, with access to a combined daily traffic count of 30,601 vehicles. The property is just 5 minutes from the University of Houston-Victoria, a public research university serving over 5,000 students. The immediate area features well-known national tenants including Pizza Hut,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: TitleMax
  • Guarantor:Corporate
  • Company:TMX Finance, LLC
  • # Units:900
  • Stock:Private

About Tenant

TitleMax, Inc. is an American privately owned title lending business that provides title loan and title pawn products which allows customers to borrow against the value of their vehicles while...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 8,749 54,401 68,433
2024 Total Population : 8,857 54,649 68,623
2024 Employed Civilian Pop : 4,304 26,264 32,777
2024 Total Businesses : 570 2,536 3,109
2024 Average Household Income : $ 70,610 $ 83,126 $ 87,933
2024 Total Consumer Spending : $ 222 M $ 1564 M $ 2070 M
2024 Median Age : 35 36 37
2024 Total Households : 3,516 21,123 26,482
2024 Pop Age 25+: Bachelor's Degree : 563 5,287 7,123
2024 Average Home Value : $ 173,046 $ 222,008 $ 232,123
*ESRI data is presented for informational purposes only

Listing Broker

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