Cracker Barrel - Houston
14765 North Freeway, Houston, TX, 77090, US
₩6,835,027,000 | 929 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the newly constructed Wells Fargo located at 2521 N Shepherd Dr in Houston, TX. (“Property” or “Asset”). Wells Fargo is operating on an absolute NNN ground lease with ± 14.6 years of primary lease term remaining, 10.0% rent escalations every 5-years, four, 5-year renewal options and zero landlord responsibilities. The Property also benefits from a location within the Heights neighborhood of Houston, one of the cities most walkable neighborhoods.
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Attributes
Asking price
₩5,719,105,000
Cap rate
5%
NOI
₩285,956,000
WAULT
14.6 years
Building area net
295 m²
Year built
2025
Land area gross
0.21 ha
Media
Investment Highlights
- Operating on an absolute NNN lease with ±14.6 years of primary lease term remaining and zero landlord responsibilities
- Wells Fargo is the #4 largest bank in the U.S. with over $1.7 trillion in assets
- Strong growth with 10% rental escalations every 5 years
- Located in one of Houston’s most dynamic neighborhoods, the Heights, with a dense 5-mile radius population exceeding 433K
- Strong area demographics with 65% population growth since 2010 and an affluent residential base earning $215K in average household income within a 1-mile radius
- Dense commercial corridor with direct accessibility to 26,000 VPD
Contact brokers
Wells Fargo - Houston, TX (0 Properties)
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Last updated
27 Aug 2025
