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Houston Retail Strip Center 1575 Little York Rd 7,500 SF 100% Leased Retail Building Houston, TX 77093 $2,135,000 ($284.67/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 3-Unit Retail Center in Houston TX - Well-Positioned 7,500 SF Asset Located in one of the Nation’s Most Resilient and High-Growth Retail Markets
- Proven Tenants All Recently Extended Featuring Agua Pura With Over 23+ Years at the Location
- Near Signalized Intersection of Hardy Toll Rd and Little York Rd With Combined Traffic Counts of 70,000+ Vehicles Passing by Daily
- NNN-Style Lease With All Expenses Passed Through to the Tenants Creating a Passive Investment With Minimal Landlord Responsibilities
- Outparcel to Little York Shopping Mall (95%+ Occupied) With Diverse Tenancy Including Seller Bros Grocery, Dollar Tree, Melrose Fashions
- 9 Miles to Downtown Houston The Most Populous City in Texas and the Southern United States
EXECUTIVE SUMMARY
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Retail Strip Center in Houston, TX. It is a 3-unit retail strip center with committed long-term tenants: Aaron’s, Metro PCS and Agua Pura. The subject property is an outparcel to Little York Shopping Mall.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,500 SF
Building Class
C
Year Built
1968
Price
$2,135,000
Price Per SF
$284.67
Cap Rate
7.25%
NOI
$154,812
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.69
Lot Size
0.25 AC
Frontage
152’ on Little York Rd
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0582450020035 | Improvements Assessment | $851,640 |
| Land Assessment | $467,685 | Total Assessment | $1,319,325 |
PROPERTY TAXES
Parcel Number
0582450020035
Land Assessment
$467,685
Improvements Assessment
$851,640
Total Assessment
$1,319,325
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Houston Retail Strip Center | 1575 Little York Rd
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