5230 Center St
Houston, TX 77007
Retail Property For Sale

A formal Art Gallery, and currently on a NNN lease with Body Rock Pilates with no option. This is being sold as a solid investment opportunity to hold investment property in this tight market called the Washing Corridor where lease rental rates increase year over year at 8.1% and vacancy is extremely low at 2%. This property is surrounded by high income (over 125K per hourse hold) and numerous luxury multi-housing deliveries. With one of Houston's top walking scores this location gives any business an advantage. This market enjoys high delivery absorption, because of it's unique location and proximity to Downtown, Memorial, Heights, River Oaks, West University, Midtown and Museums District. Price is negotiable please bring all offers. Stand alone retail building that is in an ideal location and currently leased until 11/30/2018. Investment opportunity in the #Washington Corridor @ 9% Cap Rate. Healthy cash-on-cash. NNN lease, 98% occupancy rate market, 8.1% Annual rent growth sub market. Rare entry opportunity! For information contact me. We can help arrange financing strategy. Lease to Body Rock Pilates ( http://bodyrockpilates.com/go/ ) Property used to be a well know Museum/Gallery (New World Museum http://www.newworldmuseum.org/ )