Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

923 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Midtown Crossing | Multi-Tenant Leasehold 510 Gray St 14,788 SF 100% Leased Retail Building Houston, TX 77002 $4,750,000 ($321.21/SF) 7.65% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Long Term Ground Lease | Options to Extend | NNN Leases | 100% Occupied | Long Term Leases
Young Professional Demographic | Active Working Population

Heart of Midtown | Downtown Proximity | Major Demand Drivers within 5 Miles.
High Traffic Intersections | Multiple Links to Major Thoroughfares

Executive Summary

SRS Capital Markets is pleased to present the opportunity to acquire the leasehold interest (building ownership) in Midtown Crossing, a 14,788-square-foot, NNN-leased multi-tenant retail investment located in Houston, Texas. The property sits on a ground lease that has been in place for 22 years with nine years remaining on the current term and four additional five-year extension options. Midtown Crossing is 100% leased, featuring a strong tenant mix with long-term leases, including Gyu-Kaku Japanese BBQ (3,500 SF) and Zalat Pizza (1,687 SF), both with over five years of remaining lease term. Additionally, a new 10-year lease has been signed with Umiya Sushi & Hibachi for the 5,951 SF corner space, with occupancy expected later this year.