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Shops At 7003 Harrisburg 7003 Harrisburg Blvd 7,000 SF Retail Building Houston, TX 77011 $2,750,000 ($392.86/SF) 6.80% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Property located in the heart of the Eado District
  • E-Commerce Resistant tenant roster
  • Surrounded by new residential developments
  • Prime location in front of Metro Rail station
  • Close Proximity to Downtown/Minute Maid Park/ Toyota Center

EXECUTIVE SUMMARY

ROM Commercial Properties is pleased to present a 100% occupied property with full roster of E-Commerce resistant tenants. This property presently consists of four tenants on a 7000 square foot building located on the east end near downtown Houston. All Tenants are strong and creditworthy with Metro Houston and PNC Bank consisting of over 50% of the tenant roll. This property is located in front of the Metro light rail and in the highly Chic EaDo section of Houston. The property has easy access to Downtown, Toyota Center, Daikin Park, among other Houston attractions. Amply parking and lighting and well maintained with no deferred maintenance. The property is also located within TIRZ 23 (Tax Reinvestment Zone) with high AVD Traffic counts.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
B
Year Built
2007
Price
$2,750,000
Price Per SF
$392.86
Cap Rate
6.80%
NOI
$186,947
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.80 AC
Opportunity Zone
Yes
Zoning
None
Parking
40 Spaces (5.71 Spaces per 1,000 SF Leased)
Frontage
96’ on Harrisburg Blvd

AMENITIES

  • Bus Line
  • Pylon Sign
  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • -
  • -
  • Triple Net
  • Aug 2013

Steve Sigloch serves as President of Grocery Services Inc. and Bryant’s Market, an innovative WIC (Women, Infant, and Children) retail concept designed to provide superior service and healthy alternatives to the food insecure in the State of Texas. Under Steve’s leadership, the company operates 38 retail grocery stores across the State of Texas. Steve is always quick to point out none of this would be possible without the entire Grocery Services and Bryant’s Market team of associates working toward the common goal of providing an enjoyable shopping experience. They owe a huge thanks to their community for joining them on this remarkable journey, and they hope you’ll continue to be part of their story. Grocery Services Inc. and Bryant’s Market stores stock hard-to-find; unique infant formulas often not available in traditional grocery stores. We accept WIC EBT Cards, SNAP, Cash and Credit.

  • Metropolitan Transit Authority
  • Public Administration
  • -
  • -
  • -
  • -
  • Finance and Insurance
  • -
  • -
  • Triple Net
  • -

PNC offers a wide range of services for all their customers, from individuals and small businesses, to corporations and government entities. No matter how simple or complicated a person's needs, they are sure to have the products, knowledge and resources necessary for financial success. The PNC Retail Bank supports the financial needs of millions of individuals, families and small businesses, and fosters lifelong banking relationships built on expert advice and financial solutions across deposits, payments, personal lending, credit card, wealth advisory and brokerage. Through their coast-to-coast branch network, which includes approximately many branches, many PNC and partner ATMs, thousands of highly skilled and knowledgeable bankers, and telephonic, online, and mobile banking channels, they empower their clients with the solutions they need to move forward financially.

  • Finance and Insurance
  • -
  • -
  • Triple Net
  • Aug 2017

For the past several decades, World Finance has been helping people realize their financial goals by offering fixed rate and payment loan solutions. With branches nationwide, they are part of the communities in which they serve. Their branches are staffed with friendly, knowledgeable team members who live and work right in their town. They understand clients' needs and are available to meet with them one-on-one to discuss their loan options. When clients need to borrow money, World Finance is there as a financial neighbor clients can rely on and trust. Since 1962, they’ve been committed to helping their neighbors thrive and grow by supporting their financial needs. With them, clients get the strength of a national financial institution and the personal services of local neighborhood branches. It’s one of the top reasons millions of customers choose them.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer - - Triple Net Aug 2013
Metropolitan Transit Authority Public Administration - - - -
Finance and Insurance - - Triple Net -
Finance and Insurance - - Triple Net Aug 2017
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

East West Bank
Bank of America
Truist
Rent-A-Center
El Ahorro Supermarket
Chase
La Michoacana Meat Market
Fiesta Mart

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1256730010001
Land Assessment
$521,670
Improvements Assessment
$1,281,044
Total Assessment
$1,802,714
  • Listing ID: 28377873

  • Date on Market: 10/17/2022

  • Last Updated:

  • Address: 7003 Harrisburg Blvd, Houston, TX 77011

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