Hey Darlin’ Saloon

• Brand-New 5-Year Lease — Tenant recently executed a fresh five-year term running through May 2031, giving a new owner a long runway of secured, in-place income from day one.
• Personally Guaranteed — The lease carries a personal guaranty, adding a layer of credit security beyond the operating entity.
• 3% Annual Rent Increases — Built-in annual escalations grow NOI every year, providing an inflation hedge and steady appreciation of the income stream throughout the hold.
• Attractive In-Place NOI of $150,000 — Stabilized cash flow with a clear, contractually scheduled growth path.
• Recent Major Renovation Completed by Tenant — The tenant invested significant capital improving the property, signaling strong commitment to the location and substantially reducing a new owner’s near-term capital expenditure exposure.
• One-5-Year Renewal Option — Provides the potential for an extended hold and reduced rollover risk beyond the initial term.
• Passive, Net-Lease Structure — Minimal landlord management responsibilities — ideal for a 1031 exchange buyer or passive investor seeking truly mailbox-money income.
• Fee Simple Ownership — Buyer acquires both the land and improvements outright (±17,763 SF of land / ±3,013 SF building).
• Premier Near-Heights / North Main Location (77009) — Situated in one of Houston’s most sought-after and rapidly gentrifying infill corridors, just north of Downtown and adjacent to the Greater Heights — a trendy, walkable, high-demand submarket.
• Explosive Population Growth — The immediate 1-mile trade area has grown more than 44% since 2020, with another ~25% projected over the next five years — among the strongest infill growth trajectories in the city.