CaliHTX Kitchen & Bar

Marcus & Millichap is pleased to exclusively list for sale a freestanding, absolute triple-net restaurant located at 12910 Northwest Freeway in Houston, Texas. The 7,596 square foot building is situated on approximately 1.93 acres at the soft corner of Northwest Freeway and Northwest Central Drive. The Property, known as Cali HTX Kitchen & Bar, is located on Highway 290 frontage road going northbound, providing exposure to more than 165,000 vehicles per day. Cali HTX is listed for sale at a 7.75 percent cap rate.

The Property is leased by The Edwards Hospitality Group Corporation, a Texas Corporation d/b/a Cali HTX with a personal guarantee from Oscar Edwards, an entrepreneur outlined in the Offering Memorandum. Cali HTX is on an absolute triple-net lease, which provides a buyer with a hands-off investment. The current lease term is through 2033, providing an investor with long-term, stable cash flow. Additionally, a ten percent rent increase comes into effect in 2028, which will result in an 8.52 percent cap rate, providing an investor with upside. The tenant has two five-year renewal options at Market Rental Rate.

The Property is located in the Near Northwest submarket of Northwest Houston, surrounded by commercial and residential density, including numerous national and regional restaurants and retailers. Nearby businesses include: Twin Peaks, Denny’s, Chilis, Pappasito’s Cantina, Pappadeaux Seafood Kitchen, Red Lobster, Chick-Fil-A, Whataburger, Target, Dollar Tree, & Planet Fitness.