WHAT IS A COMMON TRIPLE NET LEASE PER SQ.FT. FOR A SPORTS BAR IN HOUSTON, TX.?

In Leasing Property - Asked by JACK P. - Mar 8, 2012
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Answer(s)

Rob M.
Lender/Mortgage Broker
Houston, TX

Where in Houston, this can make a HUGE difference. Think of the rent differences between Mo City, Stafford and First Colony. Now how would those compare to West U or River Oaks?

Mar 8, 2012
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Chris R.
Broker/Agent
Denton, TX

Will vary from property to property - location to location, condition of the property such as age, etc. Will vary widelly depending on those factors. Could be $12/SF/Yr in some areas and could $24/SF/Yr in other areas. NNN will be determined by operating costs applicable to that property. Contact a few commercial RE brokers in the area around your property to inquire about prices for available spaces similar to your property.

Mar 15, 2012
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Michael J.
Fort Lauderdale, FL

there are so many variables that determine a fair market rate... there is no easy one size fits all answer. Research the most recent lease transactions in your submarket and among your competition, the most recent leases signed AT YOUR CENTER, figure out the average OPERATING COST for most bars in your area (ie- total rent+reimbursements for most bars are "15%" of gross income)... you can also request percentage rent.

Mar 17, 2012
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