INVESTMENT HIGHLIGHTS

• WASHINGTON AVENUE CORRIDOR – This property is located in the Washington Avenue Corridor which is a high-traffic, rapidly growing retail destination located between Downtown Houston and Memorial Park. Known for its walkability, nightlife, and dense residential base, the area attracts a young, affluent demographic ideal for retail concepts. With strong visibility, ongoing development, and proximity to major employment hubs, it offers an exceptional opportunity for retailers seeking exposure in one of Houston’s most active urban districts.
• STRONG DEMOGRAPHICS – This restaurant benefits from strong demographics with over 497,800 people in a ±5 mile radius of this property with the average household income over $178,552.
• SITUATED RIGHT NEXT TO INTERSTATE 1 (I-10) – The property sits within 500 feet from one of the busiest highways in Texas, Interstate I-10. This particular section of Interstate 10 sees ±287,000 vehicles per day (VPD).
• CLOSE PROXIMITY TO MEMORIAL PARK – Located across the street from Memorial Park which sees approximately 10,000 runners per day on Seymour Lieberman Trail alone.
• LARGE PARKING LOT – Situated on ±22,000 SF of land, the parking lot has space for 38 cars to park.
• EXISTING 2ND GENERATION RESTAURANT SPACE – This property is built out as a restaurant and is turnkey for an owner/user or investor.
• RECENT CAPITAL EXPENDITURES IN THE BUILDING – In 2021 the property was renovated and had ±$500,000 put into the improvements.
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Simon Assaf (In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)