This Houston Shopping Center is a 13,544 square foot retail center situated on a 29,751 square foot parcel at the intersection of 2 Main Streets in Houston, Texas, and has a 9% Cap at $75,000 Net Operating Income.

The center is 100% occupied by four local area tenants signed to triple net (NNN) leases, reimbursing the owner for operating expenses. Rents are all under market, allowing for future upside.

The property is highlighted by its strong retail fundamentals, such the center’s small, easy to lease spaces, shallow bay depth, reinforced concrete construction, two egress/ingress points, and excellent visibility

NEED MORE INFORMATION: SIGN commission protection agreement

Building

Net Operating Income: $75,000 Annually
Type 2 Star Retail (Strip Center)
GLA 17,700 SF
Stories 1
Typical Floor 17,700 SF
Docks 2 ext
Construction Reinforced Concrete
Year Built 1983
Tenancy Multi
Owner Occup No
Elevators 0
Parking 18 free Surface Spaces are available; Ratio of 1.03/1,000 SF
Frontage
Taxes$1.12/SF (2016)
Opex$1.15/SF (2011)
Walk Score®Very Walkable (74)
Transit Score®Some Transit (34)

Land

Land Acres 0.68 AC
Bldg FAR 0.59
Land SF 29,751 SF
Dimensions 165′ x 180′
Zoning None
1 Mi 3 Mi
Population
21,928
144,617
Households
7,044
43,340
Average Age
32.90
32.70
Median HH Income
$35,650
$39,552
Daytime Employees
6,212
44,620
Population Growth ’17-’22
8.6%
8.5%
Household Growth ’17-’22
8.5%
8.5%

BUSDemographics

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