Sally Beauty Holdings Inc Leases Retail Space In North Houston
3040 FM 1960, Houston, TX 77073, USA
Building Size
76,130 SF
Asset Type
Retail
Closing
Jul 27, 2020
About this deal
AI
A retail property located at 3040 FM 1960 East in North Houston was recently leased. The property has a total square footage of 7,613. The tenant for this lease is Sally Beauty Holdings Inc.
Summary of transaction details
- Property Type: Retail
- Tenant: Sally Beauty Holdings Inc
- Address: 3040 FM 1960 East
- Market: North Houston
- Square Footage: 7,613
The lease transaction was facilitated by brokers Patrick Keegan and Jason Gaines from NAI Partners.
Traded’s record for 3040 FM 1960, Houston, TX 77073, USA in Houston, Texas covers a retail lease from 2020. Published size for 3040 FM 1960, Houston, TX 77073, USA is 76,130 square feet. Patrick Keegan, Jason Gaines, NAI Global, Sturbridge Commercial Real Estate appear on the lease alongside NAI Global, Sturbridge Commercial Real Estate. This page is the Houston, Texas file for the 3040 FM 1960, Houston, TX 77073, USA retail leased: pricing, party profiles, and other closed retail comps from the same Houston sit in the Market section below. Filter that Houston retail set by closing date to see what else leased near 3040 FM 1960, Houston, TX 77073, USA around 2020. Cite this Sally Beauty Holdings Inc Leases Retail Space In North Houston lease when underwriting similar retail product around Houston, Texas.
Players
Houston Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93