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MEMORIAL/ENERGY CORRIDOR SHOPPING CENTER 14129 Memorial Dr 8,348 SF 100% Leased Retail Building Houston, TX 77079 $4,299,000 ($514.97/SF) 5% Cap Rate
Investment Highlights
- Newly Remodeled
- High Traffic Area
Executive Summary
NEWLY REMODELED CENTER. KOLACHE FACTORY, MONARCH BAR, AS ANCHOR TENANTS
No vacant space. 100% leased.
Gross Rent Roll
Kolache Factory $7,604.32 9/90/2026
Monarch Pub $5,400.00 2/28/2025
Club Pilates $4,119.05 10/31/2024
Rustic Brush $3,950.00 1/31/2025
Located on MEMORIAL near KIRKWOOD.
No vacant space. 100% leased.
Gross Rent Roll
Kolache Factory $7,604.32 9/90/2026
Monarch Pub $5,400.00 2/28/2025
Club Pilates $4,119.05 10/31/2024
Rustic Brush $3,950.00 1/31/2025
Located on MEMORIAL near KIRKWOOD.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$252,880
|
$30.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$252,880
|
$30.29
|
| Taxes |
$38,484
|
$4.61
|
| Operating Expenses |
$12,000
|
$1.44
|
| Total Expenses |
$50,484
|
$6.05
|
| Net Operating Income |
$202,396
|
$24.24
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $252,880 |
| Annual Per SF | $30.29 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $252,880 |
| Annual Per SF | $30.29 |
| Taxes | |
|---|---|
| Annual | $38,484 |
| Annual Per SF | $4.61 |
| Operating Expenses | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $1.44 |
| Total Expenses | |
|---|---|
| Annual | $50,484 |
| Annual Per SF | $6.05 |
| Net Operating Income | |
|---|---|
| Annual | $202,396 |
| Annual Per SF | $24.24 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
8,348 SF
Building Class
C
Year Built/Renovated
1979/2023
Price
$4,299,000
Price Per SF
$514.97
Cap Rate
5%
NOI
$214,950
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.63 AC
Zoning
None - NEWLY REMOLDED CENTER. KOLACHE FACTORY & MONARCH PUP AS ACHORE TENANTS
No vacant space. 100% leased.
Frontage
126’ on Memorial Drive
Amenities
- 24 Hour Access
- Pylon Sign
- Restaurant
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 0813110000002 | Total Assessment | $1,970,457 (2025) |
| Land Assessment | $1,096,480 (2025) | Annual Taxes | $38,484 ($4.61/SF) |
| Improvements Assessment | $873,977 (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
0813110000002
Land Assessment
$1,096,480 (2025)
Improvements Assessment
$873,977 (2025)
Total Assessment
$1,970,457 (2025)
Annual Taxes
$38,484 ($4.61/SF)
Tax Year
2023
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MEMORIAL/ENERGY CORRIDOR SHOPPING CENTER | 14129 Memorial Dr
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