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Investment Highlights
- High-quality neighborhood center with steady cash flow, below-market rents, favorable above-market administrative and management fee pass-throughs
- Strong historical tenancy with both FedEx Office and Star Cleaners occupying the site for 30+ years
- Located within the desirable Copperfield trade area, a 2,000 acre master-planned community with average household incomes exceeding $104,000
- Diverse service-oriented, internet resistant tenant line-up poised to serve the dense surrounding residential trade area
- Easily accessible from both State Highway 6, a dominant north-south thoroughfare and Longenbaugh Drive, with exposure to a combined 72,000 cpd
- Strong regional daytime population of 295,000 people within a five-mile radius underpinned by northwest Houston’s dominant industrial hub
Executive Summary
High-quality neighborhood center with steady cash flow, below-market rents, favorable above-market administrative and management fee pass-throughs, and low operating costs, offering meaningful long-term upside
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,050 SF
Building Class
B
Year Built
1995
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
1.41 AC
Zoning
None
Nearby Major Retailers
Property Taxes
| Parcel Number | 1175260000011 | Improvements Assessment | $242,133 |
| Land Assessment | $1,539,475 | Total Assessment | $1,781,608 |
Property Taxes
Parcel Number
1175260000011
Land Assessment
$1,539,475
Improvements Assessment
$242,133
Total Assessment
$1,781,608
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7700 Hwy 6 N
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