- Currently 4 Units (Living + Retail) VALUE ADD PROPERTY
​- Two spacious apartments (2x1s) upstairs
​- Studio
​- Big Retail Space with Studio
​- Plenty of space for parking front & back
​
This property can be turned into a 5 or 6 multifamily property if desired to increase the equity and cash flow!
​
Strategically located 1/5 mile from Highway 59, Hardy Toll Road and 1.5 miles from Highway 610 which gives easy access to main routes in the city.​

Contact otto 713-614-5888 or otto@primegearcre.​com

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Newly constructed dual drive-thru 7 Brew Coffee in Brownwood, Texas, offered at $1,683,000 at a 6.00% cap ($101,000 NOI). The single-tenant asset is secured by a 15-year absolute NNN ground lease with 10% rent increases every five years and zero landlord responsibilities. The structure is fully passive and management-free, which suits out-of-state and 1031 buyers.

Built in 2025, the 510 SF building sits on a 44,431 SF (1.02-acre) C-1 parcel with 12 parking spaces along Commerce Street (US-84/US-377), Brownwood's primary commercial corridor. The trade area is anchored by Walmart Supercenter, Home Depot, and United Supermarkets, with neighboring national QSR brands such as Chick-fil-A, McDonald's, Whataburger, and Starbucks. About 36,000 residents live within ten miles.

Highlights:
• 15-year absolute NNN ground lease with zero landlord responsibilities
• 10% rent increases every five years
• New 2025 construction, dual drive-thru
• Leased-fee ownership; passive, 1031-eligible income
• Anchored corridor alongside Walmart Supercenter and Home Depot

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**ACTUAL SUMMARY FOR THE PROVIDED RECORD:**

Four-unit multifamily value-add property in Houston, Texas, offered at $190,000 at a 7.44% cap ($14,136 NOI). The 4,375 SF, two-story building features two spacious two-bedroom apartments upstairs, a studio, and a large retail space with studio on the ground floor, plus ample parking front and back. The asset presents a clear path to increased equity and cash flow through conversion to five or six residential units.

Built in 1960, the property sits on a 7,704 SF lot in a location 0.2 miles from Highway 59 and the Hardy Toll Road, with Highway 610 just 1.5 miles away, providing direct access to major city routes. The mixed-use footprint and development potential make this an attractive repositioning opportunity for an investor seeking near-term value creation in an accessible Houston corridor.

Highlights:
• Four units with mixed-use income (residential + retail)
• Conversion potential to five or six multifamily units
• 7.44% cap rate on current income
• Ample parking; two-story layout
• Close proximity to Highway 59, Hardy Toll Road, and Highway 610

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KW Commercial Metropolitan

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KW Commercial Metropolitan - Commercial Real Estate Brokerage

KW Commercial Metropolitan

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