Shopping Center WITH C-Store at 75% Occupancy has near 10% Cap Rate! 13% at 100% (Houston, TX)

 

600k center

Houston #ShoppingCenter WITH a C-Store for sale has a very high actual cap rate at near 10% with 75% occupancy, once we get the last space filled we will have a 13%+ cap rate.  Asking price: $599k with a NOI (Net Operating Income) of $60,000 annually.   Long term tenants in place.  C-Store is long term tenant been there many years.  Property is on soft corner in front of 400 Unit Apartment Complex.

Building

Type 3 Star Retail Freestanding
GLA – Total Sqft: 3,846 SF
Stories 1
Typical Floor 3,846 SF
Walk Score®Somewhat Walkable (61)
Transit Score®Some Transit (32)

 

Location: Northeast Houston

NEED ADDRESS: SIGN commission protection agreement and fax to 1-800-508-2939 or email it to Allen.

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