This Retail property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Retail For Sale, Houston, TX or Texas

14.62% CAP | I-45 & W. Mt. Houston Center

608 West Mount Houston Rd., Houston, TX 77037

N/A

9,178 SF | Retail

  • Print

Main Photo

Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
9,178 SF
Property Type:
Retail
Property Sub-type:
Strip Center
Additional Sub-types:
Free Standing Bldg
Street Retail
Retail (Other)
Property Use Type:
Net Lease Investment with
3 years left on lease
Commission Split:
3%
Cap Rate:
14.62%
Occupancy:
76%
No. Stories:
1
Tenancy:
Multiple
Year Built:
1975
Lot Size:
40,763 SF
Listing ID
16176706
Last Updated
over 1 year ago

Highlights

  • 9,178 SF Shopping Center / 40,763 SF Parcel
  • NNN Leases
  • Interstate 45 Visibility
  • Strong Pop. Demographics (293,773 - Five Mile)
  • Quality Concrete Block Construction
  • 14.62% Cap Rate

Description

Marcus & Millichap, as exclusive agent for the Seller, is pleased to present this multi-tenant retail investment located at 608 W. Mount Houston Rd. in Houston, TX. This property features approximately 9,178 square feet of space occupying a prominent lot adjacent to the north-bound lanes of I-45.

The subject is offered for sale for $975,000 at a 14.62% Cap Rate on Year 1 NOI. The Avg. HH Income within 1 mile is $51,687. The population growth has increased 7.84 % since the year 2000 and is expected to increase 5% five years from now.

The property is located in the densely populated submarket of north central Houston. The center is occupied with a local tenant mix of beauty, physical therapy, and entertainment. This location also offers a strategic location due to its proximity to a thriving blue collar market, a high concentration of other businesses, and ease of access to & from major traffic arteries and highways.

Map of 608 West Mount Houston Rd., Houston, TX 77037 (Harris County)

Research for 608 West Mount Houston Rd., Houston, TX 77037 (Harris County)

  • Demographics – Population, income & other demographics near 608 West Mount Houston Rd.
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

Similar Listings

6 Photos
Family Dollar
Family Dollar
  • Houston, TX
  • $1,726,861
  • 8,320 SF Bldg
13100 S Post Oak Rd 13100 S Post Oak Rd
  • Houston, TX
  • $1,500,000
  • 10,000 SF Bldg
Family Dollar Family Dollar
  • Houston, TX
  • $1,742,260
  • 8,270 SF Bldg
3 Photos
AutoZone
AutoZone
  • Houston, TX
  • Price Not Disclosed
  • 7,650 SF Bldg
4 Photos
HB Japanese Steak & Sus...
HB Japanese Steak & Sus...
  • Houston, TX
  • $2,750,000
  • 9,660 SF Bldg
Family Dollar - Houston... Family Dollar - Houston...
  • Houston, TX
  • $1,890,984
  • 10,000 SF Bldg
9323 Cullen Washateria 9323 Cullen Washateria
  • Houston, TX
  • $1,490,000
  • 8,000 SF GLA
Video + 11 Photos
11,000 sf Bldg. W. Belt...
11,000 sf Bldg. W. Belt...
  • Houston, TX
  • $1,800,000
  • 11,000 SF Bldg
13318 Wallisville Rd. 13318 Wallisville Rd.
  • Houston, TX
  • $625,000
  • 9,500 SF Bldg
3 Photos
FOR SALE OR LEASE- Kirb...
FOR SALE OR LEASE- Kirb...
  • Houston, TX
  • Price Not Disclosed
  • 6,971 SF Bldg
Marina Bay Center Marina Bay Center
  • Houston, TX
  • $2,700,000
  • 11,500 SF GLA
22 Photos
Conv. Store
Conv. Store
  • Houston, TX
  • $510,000
  • 10,000 SF Bldg
20 Photos
Income Property - Jones...
Income Property - Jones...
  • Houston, TX
  • $629,000
  • 6,534 SF Bldg
2405 S Gessner Rd 2405 S Gessner Rd
  • Houston, TX
  • Price Not Disclosed
  • 10,277 SF Bldg