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108-116 E Edgewood Dr 14,788 SF 100% Leased Retail Building Friendswood, TX 77546 $6,260,000 ($423.32/SF) 6.50% Cap Rate
Executive Summary
Kroger Shadow Anchored Multi-Tenant Retail Center. Great Tenant mixture with long term leases with Wendy's ground lease.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
14,788 SF
Building Class
C
Year Built
1996
Price
$6,260,000
Price Per SF
$423.32
Cap Rate
6.50%
NOI
$406,900
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.51
Lot Size
0.67 AC
Zoning
CSC
Frontage
213’ on East Edgewood Drive
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,849,060 | |
| Land Assessment | $866,290 | Total Assessment | $3,715,350 |
Property Taxes
Parcel Numbers
Land Assessment
$866,290
Improvements Assessment
$2,849,060
Total Assessment
$3,715,350
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108-116 E Edgewood Dr
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