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2310 Highway 6 S 8,691 SF 100% Leased Retail Building Houston, TX 77077 $3,740,000 ($430.33/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term NNN Tenants with Expirations in 2036 and 2039 with Annual Rental Increases on Established Tenants since 2019
- $104,915 Average Household Income within One (1) Mile Radius
- Excellent Street Frontage with over 100,000+ VPD and minutes away from Interstate 10, Katy Cinco Ranch, Westpark Tollway, and Energy Corridor
- Shadow Anchored by 260,000 Neighborhood Power Center at the Intersection of Westheimer and Highway 6
- Shadow-Anchored by Academy, Best Buy, Ross, Seismeque Entertainment, Bank of America and Wells Fargo
EXECUTIVE SUMMARY
LE Capital Partners is pleased to present the exclusive sale of a retail center building strategically located on State Highway 6 and Westheimer Road that boast over 100,000 vehicles per day. The property consists of 8,691 square feet of building space and is situated on 1.607 acres of land. This irreplaceable asset is being offered at a 7.50% CAP rate featuring with two strong restaurants operators with over ten year leases remaining that has occupied the center for over six years.
The Subject Property is a prime retail pad site to The Village at West Oaks, a 264,301 square foot shopping center that serves all of Southwest Houston. The shopping center contains major retailers such as Best Buy, Academy Sports & Outdoors, Ross Dress for Less that contribute towards the high daytime activity. The property has approximately 117,528 people residing within a three-mile radius and 332,088 people within a five-mile radius.
The Subject Property is a prime retail pad site to The Village at West Oaks, a 264,301 square foot shopping center that serves all of Southwest Houston. The shopping center contains major retailers such as Best Buy, Academy Sports & Outdoors, Ross Dress for Less that contribute towards the high daytime activity. The property has approximately 117,528 people residing within a three-mile radius and 332,088 people within a five-mile radius.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
8,691 SF
Building Class
C
Year Built/Renovated
1997/2011
Price
$3,740,000
Price Per SF
$430.33
Cap Rate
7.50%
NOI
$280,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.61 AC
Zoning
C - Commercial
Parking
125 Spaces (14.38 Spaces per 1,000 SF Leased)
Frontage
77’ on Tx-6 Hwy
AMENITIES
- Freeway Visibility
- Pylon Sign
- Restaurant
- Tenant Controlled HVAC
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1186900010002 | Improvements Assessment | $930,160 |
| Land Assessment | $1,050,000 | Total Assessment | $1,980,160 |
PROPERTY TAXES
Parcel Number
1186900010002
Land Assessment
$1,050,000
Improvements Assessment
$930,160
Total Assessment
$1,980,160
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Presented by
LE Capital Partners
2310 Highway 6 S
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