Spec’s Wine, Spirits & Finer Foods - Out Parcel @ Waterview Town Center
19210 W Bellfort
Richmond, TX
Property Details
available
Address
19210 W Bellfort
City
Richmond, TX
Zipcode
77406
Net Operating Income
Year Built
Cap Rate
6.40%
Lease Structure
Lot Size
1.07 AC
Lease Term
Building Size
10,000
SQ FT
Investment Details
- Phenomenal Reported Store Sales - Since opening in 2020, Tenant has increased store sales YOY and currently operates at an phenomenal 3.20% rent-sales-ratio demonstrating extremely strong store performance and long-term commitment to the location.
- NNN Lease Structure -Tenant is responsible for Taxes, Insurance, and Common Area Maintenance (CAM) making this an ideal investment for investors seeking true passive incoming producing assets with minimal landlord responsibilities limited to only Roof + Structure.
- Premier Retail Location - Strategically positioned within Waterview Town Center, one of Richmond’s most established, high-traffic retail hubs with strong visibility, co-tenancy, and a rapidly expanding local market.
- High Consumer Growth - Brand New 368-unit Luxury Apartment development planned next to Sprouts. Once developed, Waterview Town Center will have almost 1,000 multi-family units located within the immediate development, paving way for continuous repeat customers.
- Strong Retail Synergy - Brand-New Sprouts outparcel set to open Summer of 2025 - Surrounded by national brands such as Academy Sports + Outdoors, LA Fitness, At Home Decore Superstore, Chick fil-A, 7-Eleven, Whataburger, Chipotle, Cava, and more.
Asking Price
$2,981,250
cap rate
6.40%
%
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