5600 Mykawa Rd
Houston, TX 77033
Mykawa Shopping Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- GROCERY ANCHORED
- HEALTHY REMAINING TERM
- DENSE TRADE AREA
- 50 YEARS OF TENURE
- CONTRACTUAL RENT BUMPS
EXECUTIVE SUMMARY
Grocery anchored retail center with extensive tenure and WALT.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
79,366 SF
Building Class
C
Year Built
1959
Price
$9,658,867
Price Per SF
$121.70
Cap Rate
7.50%
NOI
$724,415
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
11.01 AC
Opportunity Zone
Yes
Zoning
n/a
Parking
268 Spaces (3.38 Spaces per 1,000 SF Leased)
AMENITIES
- Banking
- Signage
PROPERTY TAXES
| Parcel Number | 0421760000003 | Improvements Assessment | $4,367,429 |
| Land Assessment | $3,835,522 | Total Assessment | $8,202,951 |
