February 18, 2022 – Justin Spillane of Horvath & Tremblay has successfully completed the sale of an In N Out in The Woodlands, Texas. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $5,685,714, a 3.5% Cap Rate.
In N Out will be located at 1717 Lake Woodlands Drive in The Woodlands, Texas. The property is still under construction for a new stand-alone building consisting of approximately 3,750 square feet on 1.91-acres of land. The Absolute NNN Ground Lease will have an initial 20-year term with four (4), 5-year renewal options. The lease calls for attractive 10.0% rent increases every five years throughout the base term and renewal options. In N Out will be well located along Lake Woodlands Drive, the area’s primary commercial corridor, and sits on the periphery of the Woodland’s Mall, the area’s premier shopping destination. The 1.39 million square foot Woodlands Mall features 196 retailers and is one of the Houston area’s primary shopping destinations. The Property is surrounded by other national retailers that drive traffic to the area. Additionally, the Property is 0.6-miles from Interstate 45, and is approximately 1-mile from the Oak Ridge High School and Elementary School as well as The Woodlands Medical Center.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.