$ 2,220,000.00 |
Sale |
Car Toys - Hwy 6 South
Car Toys is located directly in front of West Oaks Mall on Highway 6 South, between Richmond and Westheimer Road. The property has dedicated monument signage which provides added visibility to the 61,182 cars per day travelling along Highway 6. The area is densely populated with over 129,166 residents in a 3-mile radius and an average household income of $77,050 . Major retailers in the immediate vicinity include Home Depot, Conn’s, Walmart, Bed Bath and Beyond, and Academy.
Established in 1987, Car Toys is the largest independent multi-channel specialty car audio and mobile electronics retailer in America with locations in major cities across the western United States including Seattle and pokane, Washington; Portland, Oregon; Denver, Colorado Springs and Ft. Collins, Colorado; and Houston and Dallas/Ft. Worth, Texas. Car Toys has been operating at this location since 2001 and has just signed a 5-year lease extension with 2 additional 5-year options. The first option term has an 8% base rental increase with a second option not to exceed 115% of the previous month’s rent.