Exceptional building, exceptional location and a well established franchise company. The franchisor is highly respected and because of their reputation the building offered them free rent. Not just a percentage rent, but free rent. Also, there is no utilities or CAM. Located at the northwest section of Houston in a new high-end business
area. The deli is about 2,750 sq. ft. and the building is just under 207,000 sq. ft. More important than the size of the building, is that between 7 am and 5 pm, the building has a foot traffic of about 1,100 people. Historical data shows delis of this type usually gross between $1.50 and $1.65 per person, per day. This reinforces the reported sales revenue. [The deli was only open about 3 months before the CoronaVirus closed many businesses. Revenues projected are based on annualizing sales plus applying formulas to further verify the projections.]

As a bonus to the daily foot traffic, there is a major tenet with an evening shift
that has between 400 and 500 people between 5 pm and 11 pm and about 300
people on Saturday.

Like many other office buildings, the building occupancy in low due to businesses allowing their employees to work from home during this Covid outbreak, but it appears businesses are recovering. When the occupancy is back to normal, this should be an exceptional business.