The Republic Grille | 20yr NNN | 2% Annual Increases… — Sale in Spring, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Spring, TX 77386

Photos

The Republic Grille | 20yr NNN | 2% Annual Increases… — Sale in Spring, TX, photo 1 of 3
The Republic Grille | 20yr NNN | 2% Annual Increases… — Sale in Spring, TX, photo 2 of 3
The Republic Grille | 20yr NNN | 2% Annual Increases… — Sale in Spring, TX, photo 3 of 3

Investment Figures

Cap rate
6.25%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present a freestanding The Republic Grille located at 3486 Discovery Creek Blvd in Spring, Texas, positioned within the affluent Spring/The Woodlands submarket of the Greater Houston MSA and just three miles from ExxonMobil's 385-acre corporate headquarters. The property will be secured by a brand-new 20-year absolute NNN lease commencing at close of escrow, offering investors zero landlord responsibilities and fully passive income, with the tenant maintaining an extremely low rent-to-sales ratio and a strong approximate 2.50x EBITDAR coverage ratio. The ±6,198 SF building, plus a ±1,620 SF patio, sits on a ±0.95 acre lot built in 2020 with high-quality construction, strong visibility, and ample onsite parking. Located near H-E-B, Walmart, Target, Costco, and the Woodlands medical corridor, and surrounded by affluent master-planned communities including Harmony, Benders Landing, Imperial Oaks, and The Woodlands, the site draws from a dense, high-income residential base with average household income of approximately $176,000 within a one-mile radius. With scheduled 2% annual rent increases, four five-year renewal options, and an award-winning regional restaurant brand, this offering provides long-term, inflation-protected cash flow in one of Houston's fastest-growing residential corridors. Investment Highlights: • New 20-Year Absolute NNN Lease Commencing at Close of Escrow w/ Zero Landlord Responsibilities • Extremely Low Rent-to-Sales Ratio and Strong Approximate 2.50x EBITDAR Coverage Ratio • 2% Annual Rent Increases Plus Four (4) Five-Year Renewal Options for Up to 20 Additional Years • Newer High-Quality 2020 Construction, ±6,198 SF Building Plus ±1,620 SF Patio on ±0.95 Acres • Located in the Affluent Spring/The Woodlands Submarket With ~$176K Average Household Income Within 1-Mile • Just 3 Miles From ExxonMobil's 385-Acre Corporate Headquarters (10,000-Person Campus) • Near H-E-B, Walmart, Target, Costco, and the Woodlands Med

Market Context

This food service in Spring, TX is listed for sale. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Spring, TX — view the full market.

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