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Plaza at Bellaire 5901 Bellaire Blvd 15,836 SF 92% Leased Retail Building Houston, TX 77081 For Sale 6% Cap Rate
Investment Highlights
- Hard Corner Traffic Lighted Intersection. 45,000+ cars per day
- Long term tenants in place
- Anchored by Cici's Pizza with recession resistant tenant mix
Executive Summary
Plaza at Bellaire is a 15,836 sf retail center built in 2006 on 1.35 acres. Located on a hard corner at the signalized intersection of Bellaire & Renwick. The plaza is occupied by a diversified and recession resistant tenant roster including: Cici's Pizza, Chase Bank ATM, Teriyaki Kitchen, among others. Long term medical tenants include: eye clinic, medical clinic, and dentist. Recent lease extensions exercised by long term tenants, and 2 new tenants recently added. Currently 1 vacancy available for lease.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
15,836 SF
Building Class
B
Year Built
2006
Cap Rate
6%
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
1.35 AC
Opportunity Zone
Yes
Zoning
None
Parking
81 Spaces (5.11 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Approximately 1,316 sf retail space. Former cell phone store with retail show room, 2 back offices, and restroom. Ideal for retail or retail office: tax services, insurance, etc. Existing tenants include: Cici's Pizza, Medical Clinic, Eye Clinic, Dentist, and Hair Salon.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,316 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 1,316 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size | 1,316 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Approximately 1,316 sf retail space. Former cell phone store with retail show room, 2 back offices, and restroom. Ideal for retail or retail office: tax services, insurance, etc. Existing tenants include: Cici's Pizza, Medical Clinic, Eye Clinic, Dentist, and Hair Salon.
Exceptionally walkable
90/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1276440010001 | Improvements Assessment | $2,974,890 |
| Land Assessment | $1,180,300 | Total Assessment | $4,155,190 |
Property Taxes
Parcel Number
1276440010001
Land Assessment
$1,180,300
Improvements Assessment
$2,974,890
Total Assessment
$4,155,190
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Plaza at Bellaire | 5901 Bellaire Blvd
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