Tenant: Service King Premises: 34,600 SF Renewal Options: 3 x 5 Years
Lease Expiration: 12/31/2032 Lease Type: NNN Rental Increases: 8.5% Every 5 Years
New 15+ Year Single Tenant Triple Net (NNN) Lease
Three (3) x Five (5) Year Renewal Options
8.5% Increase Every 5 Years
Complete Renovation of the Existing Structure
Outstanding Location Along Interstate 45 and Airport Boulevard – Just Outside of Houston’s Inner Loop
Interstate 45 is One of Houston’s Most Traveled Thoroughfares with 211,000+ VPD
Located Within Walking Distance of Over 2,600 Hotel Rooms, Over 544,000 SF of Office Space with Average Occupancy of 92% and Over 750 Multifamily Units
Immediate Proximity to Hobby Airport Which Recently Underwent a $156 Million Expansion of The International Terminal Garnering Upwards of 1.5 Million New Travelers to Houston Each Year
Select Neighboring Tenants Include: Taco Cabana, Denny’s, Waffle House and Dairy Queen
In Cooperation with Sands Investment Group Austin, LLC – Lic# 9004706
Service King Collision Repair Centers®, with more than 40 years of experience in the automotive repair industry, is a leading national operator of comprehensive, high-quality collision repair facilities. The organization is consistently recognized for its commitment to customer satisfaction, quality workmanship and giving back to the industry through innovative training and recruiting initiatives. Service King traces its roots back to Dallas, Texas and founder Eddie Lennox who opened the very first Service King in 1976.
As of April 2017, Service King operates 345 locations in 24 states across the U.S. In 2015, Service King was named the No. 1 Best Place to Work by both the Dallas and San Antonio Business Journals.