LEASEDRetail
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
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.
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