Commercial Real Estate Blog

Walmart Anchored Shopping Center w/ National Tenants 8% Cap – $1.55M

 

8 walmart 2sign

Secure 8% Cap on this Shopping Center in front of Walmart Anchor, with 2 National Tenants.  If you are looking for a STABLE investment with NNN leases, this is your opportunity to own such an investment.

EL CAMPO MAP VIEW
In the direct center of national tenants – Walmart, Buc-ee’s, O’Reily, Memorial Hospital, Dollar Tree – Superb location

Building Description:

  • Year Built: 2005
  • Sqft of Building: 8499 sqft
  • Construction Type: Stucco – Brick and Morter
  • Number of Tenants: 3
  • Occupied: 100% Occupied

Land Description:

  • Lot Size: .97 Acres (1 acre)
  • Features: Front of Walmart (Anchor)
  • Asphalt Paved
  • Parking Spaces (35 parking spaces +)
Collection Street Cross Street Traffic Vol Year Distance
W Loop St
Sandy Corners Rd NE
5,400
2015
0.10 mi
N Wharton St
Tura St SE
2,500
2015
0.30 mi
N Mechanic St
Tura St SE
7,600
2015
0.30 mi
Farm-to-Market Road 2765
Point West Dr NE
2,700
2015
0.33 mi
N Wharton St
Franke St NW
4,400
2015
1.21 mi
1 Mi 3 Mi
Population
2,524
13,547
Households
972
4,869
Average Age
41.90
37.50
Median HH Income
$69,829
$47,627
Daytime Employees
1,908
5,887
Population Growth ’17-’22
1.4%
1.6%
Household Growth ’17-’22
1.3%
1.6%
Listed by:
HoustonPremierAgents.com
Allen Jimenez – Broker #0549644
713-703-7089 (Mobile)
832-305-7653 (Office)
800-508-2939 (Fax)
Closed over 120+ Successful Transactions – Mentored & Trained Agents – Commercial Mortgage Broker & Real Estate Broker
me leaning on fence
Property ID: 59576651401

Shopping Center + 2 Apartment Complex in Houston for $2M on Excellent Street

Description:  Portfolio of 3 Properties sold as a bundle.  #1 Apartment Complex with 6 units, #2 Shopping Center with 3 Retail Units, #3 Apartment Complex with 8 Units.  100% occupied and generating over $10,000 a month all together.  They are all right next to each other inside the innerloop area of Houston.  Close to the medical center.  Cap Rate is at 6% at $2M.   Need address: Sign commission protection agreement

#1 Apartment Complex is next to a new Family Dollar also for sale for $1.8M  at a 6% Cap Rate – NOT ASSOCIATED WITH THIS PORTFOLIO.

image

Current
YOY Change

Vacancy Rates

Current Building
0.0%
0.0%
Submarket 3-5 Star
5.0%
0.1%
Market Overall
5.4%
0.6%

NNN Asking Rents Per SF

Submarket 3-5 Star
$16.97
10.4%
Market Overall
$16.50
3.8%

Submarket Leasing Activity

12 Mo. Leased SF
152,879
21.8%
Months on Market
9.7
9.4 mo

Submarket Sales Activity

Current
Prev Year
12 Mo. Sales Volume (Mil.)
$2.8
$5.7
12 Mo. Price Per SF
$169
$121
1 Mi 3 Mi
Population
18,334
142,213
Households
6,085
51,493
Average Age
35.30
34.70
Median HH Income
$29,970
$35,814
Daytime Employees
3,278
75,814
Population Growth ’17-’22
9.1%
8.7%
Household Growth ’17-’22
8.9%
8.9%
Collection Street Cross Street Traffic Vol Year Distance
1,530
2016
0.09 mi
 Blvd
5,370
2016
0.10 mi
Blvd
6,100
2016
0.20 mi
 Blvd
14,793
2016
0.23 mi
 Blvd
10,830
2016
0.24 mi
Property ID: 9923867

9% Cap Rate at $599K SHOPPING CENTER in Greater Houston

 

Great opportunity in Greater Houston, 4555 sq. ft. building backs to beautiful reserve area. Fully leased, but no long terms so easily convertible to new leases and businesses. These are the original owners, built the building in 1991.  NOT FLOODED.

NEED ADDRESS ?? SIGN commission protection agreement

For Sale

Price $599k
Price/SF$142.70
Cap Rate 9%
NOI $53,755
Sale Type Investment
Status Active

Building

Type 3 Star Retail Storefront
GLA 4,555 SF
Stories 1
Typical Floor 4,555 SF
Tenancy Multi
Taxes$2.99/SF (2016)
Walk Score®Somewhat Walkable (56)
Transit Score®Minimal Transit (0)

Land

Land Acres 0.41 AC
Bldg FAR 0.26
Land SF 17,844 SF
2016 Assessment
Improvements
Land
Total Value
 $363,790
 $113,880
$477,670
 $79.87/SF
 $6.38/SF
$26.77/SF
Current
YOY Change

Vacancy Rates

Current Building
0.0%
17.0%
Submarket 2-4 Star
3.6%
0.7%
Market Overall
5.4%
0.6%

NNN Asking Rents Per SF

Submarket 2-4 Star
$11.59
4.8%
Market Overall
$16.55
4.1%

Submarket Leasing Activity

12 Mo. Leased SF
103,203
24.5%
Months on Market
12.0
4.3 mo

Submarket Sales Activity

Current
Prev Year
12 Mo. Sales Volume (Mil.)
$3.7
$5.2
12 Mo. Price Per SF
$489
$242

12% Cap Rate – 9 Plex – NOT FLOODED (Texas)

This nine plex consist of three buildings 5 one bedroom, 4 two story two bedroom units. New exterior windows an fresh interior & exterior paint. New flooring, ceiling fans, window AC units and is 100% occupied. Landlord pays water and trash pickup.

NEED ADDRESS: SIGN commission protection agreement

For Sale

Price $379,900
Price/Unit $42,211
Cap Rate 12.00%
NOI $45,588
Sale Type Investment
Status Active

Land

Land Acres 0.27 AC
Bldg FAR 0.24
Land SF 11,617 SF
Zoning C
Parcel 7090-0211-0009-000
2016 Assessment
Improvements
Land
Total Value
$43,430
$4,070
$47,500
 $4,826/Unit
 $452/Unit
$5,278/Unit

SHOPPING CENTER NEEDS SOME LOVE BUT AT 100% OCCUPANCY HAS 11% CAP RATE – 65% FULL CURRENTLY HAS 7% CAP

IMAGE 14

Shopping Center 7% Cap at Current Occupancy and 11%+ Cap at 100% Occupancy. • Building Size: 13,035 rsf | Land Area: 1.21 ac • Year Built: 1984 • Current Occupancy: 65% • Maximum contiguous area 3,500 sf; smallest 1,000 sf • 55 Parking Spaces: Parking ratio 4/1,000 • $1,450,000 ($111.24 psf) • Proforma NOI: $148,563 | Proforma Cap Rate: 10.6%

For Sale

Price $1,450,000
Year Built 1984
Price/SF $111.24
Cap Rate 11% AT 100% OCC.  CURRENTLY 7% CAP RATE AT 65% OCCUPANCY
NOI $153,700
Sale Type Investment
Status Active
On Market 1 Day
Last Updated Jul 21, 2017
Update
NEED ADDRESS???? – SIGN commission protection agreement

Building

Type 2 Star Office
RBA 13,035 SF
Stories 1
Typical Floor 13,035 SF
Class C
Construction Steel
Building Ht15′
Year Built 1984
TenancyMulti
Owner Occup –
Elevators None
Parking 55 free Surface Spaces are available; Ratio of 4.00/1,000 SF
Taxes $1.09/SF (2016)
Walk Score®Somewhat Walkable (60)
Transit Score®Minimal Transit (0)

Land

Land Acres 1.20 AC
Bldg FAR 0.25
Land SF5 2,272 SF
Zoning None
Current
YOY Change

Vacancy Rates

Current Building
34.5%
34.5%
Submarket 1-3 Star
10.9%
1.2%
Market Overall
15.9%
1.4%

Gross Asking Rents Per SF

Submarket 1-3 Star
$20.89
2.5%
Market Overall
$27.53
0.5%

Submarket Leasing Activity

12 Mo. Leased SF
329,539
27.4%
Months on Market
13.2
9.0 mo

Submarket Sales Activity

Current
Prev Year
12 Mo. Sales Volume (Mil.)
$22.7
$11.5
12 Mo. Price Per SF
$217
$117
Smallest Space800 SF
Max Contiguous3,500 SF
# of Spaces2
Retail Avail4,500 SF
Vacant4,500 SF
% Leased65.5%
Asking Rent$12.00/SF Triple Net

9% CAP RATE ON HOUSTON SHOPPING CENTER FOR SALE AT $799K

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

$399K Shopping Center Cheap on Main Street !! (Houston, TX)

399k center homes

Want a great shopping center for only $399k, on a busy Main Street of Houston Texas?  This may your diamond in the rough.  This shopping center consist of a Nail Salon, Grocery Store, and a a C-Store.  Property is located in one of the fastest booming areas of Houston. Great Location, great neighborhood. Building has three units, grocery store. The building has a living area in the back, just in case you need a little home away from home or maybe just rent it out, 2 bedrooms, 1 living room, and 1 full bath. Easy access to major freeways I69, I10, I45, I610. Strong visibility.

FOR ADDRESS: SIGN commission protection agreement

Price/SF $32.11
Cap Rate 8.00% at 85% Occupancy 
Vacancy: 3000 sqft (once filled cap rate will rise to 10.5%)
NOI $29,400
Sale Type Investment
Status Active

Building

Type 2 Star Retail Convenience Store
GLA 13,080 SF
Year Built: 1945
Stories 1
Typical Floor 13,080 SF
Construction Masonry
Year Built 1945
Tenancy Single
Taxes$0.74/SF (2016)
Opex$4.17/SF (2012)
Walk Score®Somewhat Walkable (54)
Transit Score®Some Transit (45)

Land

Land Acres0.67 AC
Bldg FAR0.45
Land SF29,251 SF
Parcel0731100160468
2016 Assessment
Improvements
Land
Total Value
 $324,077
 $58,500
$382,577
 $24.78/SF
 $2.00/SF
$13.08/SF
Current
YOY Change

Vacancy Rates

Current Building
0.0%
0.0%
Submarket 1-3 Star
6.0%
1.1%
Market Overall
5.3%
0.4%

NNN Asking Rents Per SF

Submarket 1-3 Star
$19.48
15.4%
Market Overall
$16.66
4.8%

Submarket Leasing Activity

12 Mo. Leased SF
105,461
88.4%
Months on Market
0.1
13.3 mo

Submarket Sales Activity

Current
Prev Year
12 Mo. Sales Volume (Mil.)
$0
$1.0

Demographics

1 Mi 3 Mi
Population
8,993
79,717
Households
3,140
25,800
Average Age
38.20
36.10
Median HH Income
$28,333
$30,602
Daytime Employees
1,131
21,165
Population Growth ’17-’22
8.4%
8.2%
Household Growth ’17-’22
8.4%
8.0%

Traffic

Collection Street Cross Street Traffic Vol Year Distance
Homestead Rd
Westcott Rd W
13,610
2015
0.24 mi
Homestead Rd
Larkstone St SW
12,530
2015
0.25 mi
Laura Koppe Rd
Spaulding St W
4,020
2015
0.32 mi
Weaver Rd
Shreveport Blvd NW
9,240
2015
0.33 mi
Ley Rd
Homestead Rd W
8,180
2015
0.34 m

C-Store for Sale Corner Lot $699K (Houston, TX)

Description: 2900 square foot shopping center on corner lot on 1/2 acre and has great parking space. The lots are designated commercial property right now. The store has potential to be a working convenient store or private office. 12,375 square feet and is 11,250 square feet.  Located in Central Houston, TX in prestige neighborhood, basically sold at LOT value.

NEED ADDRESS? SIGN commission protection agreement

Traffic

Collection Street Cross Street Traffic Vol Year Distance
main
main
16,276
2015
0.12 m

Demographics

1 Mi 3 Mi
Population
16,139
125,053
Households
5,404
44,327
Average Age
35.20
37.00
Median HH Income
$55,565
$66,387
Daytime Employees
12,986
74,227
Population Growth ’17-’22
7.8%
7.5%
Household Growth ’17-’22
7.5%
7.3%

For Sale

Price $699,000
Price/SF $238.10
Sale Type Owner/User
Status Active
On Market 6 Days
Last Updated Jul 7, 2017

Building

Type 4 Star Retail Convenience Store
GLA 2,940 SF
Stories 1
Typical Floor 2,940 SF
Walk Score®Very Walkable (70)
Transit Score®Some Transit (39)

Land

Land Acres0.54 AC
Bldg FAR0.12
Land SF23,625 SF
Parcel0836600000001
2016 Assessment
Improvements
Land
Total Value
 $90,611
 $123,750
$214,361
 $30.82/SF
 $5.24/SF
$9.07/SF
YEAR BUILT: 1958
Current
YOY Change

Vacancy Rates

Current Building
100%
100%
Submarket 3-5 Star
2.5%
0.4%
Market Overall
5.2%
0.4%

NNN Asking Rents Per SF

Submarket 3-5 Star
$19.84
28.6%
Market Overall
$16.55
4.1%

Submarket Leasing Activity

12 Mo. Leased SF
125,344
29.5%
Months on Market
9.2
3.3 mo

Submarket Sales Activity

Current
Prev Year
12 Mo. Sales Volume (Mil.)
$2.9
$0
12 Mo. Price Per SF
$110

Best Western – 44 Room 4 Star Hotel w/ 12% Cap Rate !! $3.5M

image

Summary:

This Hotel was built in 1999, 44 unit, exterior-corridor, two story. Wood frame and brick veneer exterior with an angled roof. Outdoor pool, business center, complimentary breakfast, 24hr front desk and High speed WI access throughout the motel. The guest rooms features flat screen TV., microwaves, refrigerators, and upgraded granite vanities. Current owner installed all new AC on all the rooms and replaced old sign to new one. This property features a large two story manager’s living quarters, it has two bedrooms, an office, two full and one half bathroom.
This property had extensive renovation and upgrades. The hotel has steady history and very strong cash flow. Excellent condition!! Very close to new Super Walmart that just built.
NEED ADDRESS: SIGN – commission protection agreement

For Sale

Suggest Offer: $3,500,000
Price/Room $ 81,818
Cap Rate  12.00%
NOI $414,000
Sale Type Investment
Status Active

Building

Type: 4 Star Hotel
BrandL: Best Western
Company: Best Western International
Rooms: 44
Avg Room Size: 300 SF
GBA: 23,592 SF
Typical Floor: 13,257 SF
Year Built: 2000
Construction: Wood Frame
Taxes$1,187.89/Room (2016)
Walk Score®Car-Dependent (33)
Transit Score®Minimal Transit (0)

Land

Land Acres: 1.50 AC
Bldg FAR: 0.36
Land SF: 65,340 SF

Amenities

  • Microwave
  • Pool
  • Spa
2016 Assessment
Improvements
Land
Total Value
 $1,969,058
 $356,100
$2,325,158
 $44,751/Room
 $8,093/Room
$52,845/Room

Demographics

1 Mi 3 Mi
Population
2,379
8,745
Households
872
3,081
Average Age
38.50
36.40
Median HH Income
$49,264
$44,595
Daytime Employees
1,844
5,412
Population Growth ’17-’22
4.8%
5.3%
Household Growth ’17-’22
5.2%
5.7%
Name SF Occupied
Best Western
50,000 SF

C-STORE $190K BUSINESS ONLY – RENT IS ONLY $2700 A MONTH (TX)

Detail.aspx

PRICE REDUCED TO $190K INCLUDING 45K IN INVENTORY

Seller will sell business only, no real estate but will give you a 20 year lease + 2 options.  On very busy street.

Inside Sales:  Seller states 80K Monthly however I believe it is more like 40-50k.  He sent me receipts but very old fashioned mom & pop store.

Corner lot, C-Store business for Sale only, monthly rent, $2,700. Great investment opportunity! Strong sales everyday. As-Is Sale including the Lotto and ATM Machines. Call for further details.

NEED ADDRESS – SIGN commission protection agreement

Building

Type2 Star Retail Convenience Store
GLA1,517 SF
Typical Floor1,496 SF
Year Built1975
Walk Score®Somewhat Walkable (59)
Transit Score®Minimal Transit (0)

Land

Land Acres 0.33 AC
Bldg FAR 0.10
Land SF14,580 SF
Zoning C
Current
YOY Change

Vacancy Rates

Current Building
0.0%
0.0%
Submarket 1-3 Star
7.4%
0.5%
Market Overall
5.2%
0.3%

NNN Asking Rents Per SF

Submarket 1-3 Star
$13.57
7.3%
Market Overall
$16.48
5.1%

Submarket Leasing Activity

12 Mo. Leased SF
439,185
17.4%
Months on Market
12.6
3.5 mo

Submarket Sales Activity

Current
Prev Year
12 Mo. Sales Volume (Mil.)
$32.3
$81.3
12 Mo. Price Per SF
$212
$154

Demographics

1 Mi 3 Mi
Population
12,970
41,347
Households
4,700
16,543
Average Age
38.20
38.80
Median HH Income
$37,118
$39,903
Daytime Employees
3,177
46,997
Population Growth ’17-’22
6.5%
9.1%
Household Growth ’17-’22
5.8%
9.0%

Traffic

Collection Street Cross Street Traffic Vol Year Distance
39th St
Ave J N
4,920
2015
0.05 mi
Ave L
38th St E
930
2015
0.14 mi
37th St
Avenue K S
5,193
2010
0.20 mi
37th St
Ave K S
2,380
2015
0.20 mi
37th St
Ave J S
1,980
2015
0.20 mi
2016 Assessment
Improvements
Land
Total Value
 $28,410
 $86,000
$114,410
 $18.73/SF
 $5.90/SF
$7.85/SF

37 Unit Apt Complex – 10% Cap at $1.65M – Texas

apt by ocean

Summary:

37 Unit Texas Apartment Complex for sale for $1.65M earning a 10%+ Cap Rate annually at 94% Occupancy with Ocean View.  Long term tenants in place, with reservations for future tenants due to ocean view location.

NEED ADDRESS: SIGN commission protection agreement – OR if you have done business with us before simply reply back to us. (keep in mind your agreements expire every 2 weeks)

For Sale

Price $1,650,000
Price/Unit $44,594
Cap Rate 10.00%
NOI $165,000
Sale Type Investment
Status Active
On Market 1 Day
Last Updated Jun 21, 2017
Beds Units Avg SF Asking Rent/Unit Asking Rent/SF Concession
2
18
1,000
$658
$0.66
0.7%
3
19
1,200
$754
$0.63
0.7%
Totals
37
1,103
$707
$0.64
0.7%
Updated December 11, 2016

Building

Type 2 Star Apartments
Units 37
Avg Unit Size 1,103 SF
Stories 2
Year Built 1978
Class C
GBA 45,500 SF
Typical Floor 22,750 SF
# of Buildings 10
Market Segment All
Rent Type Market
Taxes $717.55/Unit (2016)
Opex $2,991.00/Unit (2012)

Land

Land Acres 2.49 AC
Bldg FAR 0.42
Land SF 108,464 SF
Zoning N/A

Amenities

Unit Amenities
  • Air Conditioning
  • Dishwasher
  • Disposal
  • Heating
  • Oven
  • Range
  • Refrigerator
  • Tile Floors
  • Walk-In Closets
  • Washer/Dryer Hookup
2016 Assessment
Improvements
Land
Total Value
 $939,986
 $332,795
$1,272,781
$25,405/Unit
$8,994/Unit
$34,399/Unit

Demographics

1 Mi 3 Mi
Population
3,561
5,639
Households
1,214
1,790
Average Age
37.10
38.20
Median HH Income
$36,857
$40,259
Daytime Employees
90
298
Population Growth ’17-’22
2.1%+
2.0%+
Household Growth ’17-’22
2.0%+
1.8%+

12% Cap Rate w/ Car Wash & Washateria Business + Building

car wash.PNG

Description of Property:

Sale Price is including the Washateria and the Car Wash behind it. Washateria has an existing tenant for 2 years out of 20 years (Lease term is 20 years). *** Landlord is running the car wash business and wanting to sell it.  Does include real estate.

For Sale

Price $1,150,000
Price/SF $195.91
Cap Rate 12.00%
NOI $138,000
Sale Type Investment
Status Active
On Market 9 Days
Last Updated Jun 14, 2017
Address: Sign commission protection agreement and fax to 800-508-2939 or email to Allen@HoustonPremierAgents.com 

Building

Type 3 Star Retail Freestanding
Building Sqft: 5,870 SF
Stories 1
Typical Floor 5,870 SF
Building Ht16′
Docks None
Construction Masonry
Year Built 1983
Tenancy Single
Owner Occup No
Parking 25 free Surface Spaces are available; Ratio of 4.26/1,000 SF

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.

59 Room Motel 13% Cap Rate – No Flag (Houston, TX)

59room

  • Asking Price: 2.8M
  • Financing Available with 15% Down – SBA or we can use a bridge loan with 10% down but higher interest with seller’s second.
  • 59 room indoor motel located in the heart of Houston’s Oil and Gas Industry. Can be converted to a franchise.
  • 33000 sqft building on 1.51 acres
  • Cap Rate he said above 13%
  • NO Flag but can be converted very easily
  • Recently updated
  • New roof
  • Freeway viewability and access

NEED ADDRESS SIGN commission protection agreement AND FAX TO 800-508-2939 or email to us.

Houston Apt Complex $899K 9% Cap 21 Units

21 unit pics21 unit financials

Building

Type 3 Star Low-Rise Apartments
Units 21
Avg Unit Size 407 SF
Stories 1
Year Built 1984
ClassB
GBA – Building SQFT 12,881 SF
Land Size: 10,483 sqft
Typical Floor 10,455 SF
# of Buildings 2
Market Segment All
Rent Type Market
Construction Masonry
Parking 14 free Surface Spaces are available; 0.7 per Unit
Taxes$547.22/Unit (2016)
NEED ADDRESS? SIGN commission protection agreement AND FAX TO 800-508-2939
Walk Score®Somewhat Walkable (67)
Transit Score®Minimal Transit (24)

12+ Year Houston Furniture Makes OVER $400K Annually IN PROFIT – For Sale: $599K !!

SHOWROOM

#1.  Luxury Furniture Store – Business ONLY

•Suggested Auction Starting Bid: $599K
•LOCATION: Southwest Houston on MAJOR STREET
•Been in business for 12+ years
•Owners retiring
•Income docs state $65-85k in revenue each month – profit after expenses $40-47k
•Owner willing for new buyer to sit and view clientele for 1 month during contract
•Owner will to share all docs after contract
•Owner will allow buyer to view all processes of business for one month.
•Owner DOES NOT DO ANY ADVERTISING, her business has been set with referrals & word of mouth, with advertising we can double the profits.

 

5 MONTH PROFIT AND LOSS PIC5 MONTH PROFIT AND LOSS GRAPH PIC

Frequently Asked Questions:
Profit Annually: $500-600K
Tax Returns: NONE, we have bank statements, credit card receipts, & invoices available for accountant to review.

Employees: 4
Size: 14,000 sqft plus warehouse

Address: Need to send me Confidential Agreement

Auction Starting Bid: $599K

Commission: 3% to buyers agent

Financing: Cash only

Inventory: $300K not included in sales price

Years in business: 12+

Hours of Operation: 9am to 7:30pm

 

300K Gallons SOLD + SHOPPING CENTER – SHELL TRAVEL CENTER (TEXAS)

YOU WANT HIGH VOLUME !! HERE YOU GO 300,000 GALLONS SOLD + SHOPPING CENTER WITH TACO BELL & BBQ RESTAURANT – FULLY STOCKED – OWNER LOOKING TO SELL AND RETIRE.

SALES PRICE: WITHHELD – BRING HIGHEST AND BEST OFFER – SELLER LOOKING FOR HIGH DOWN PAYMENT OR ALL CASH – QUICK CLOSE

NEED ADDRESS & NEVER DONE BUSINESS WITH US – SIGN commission protection agreement

$199K Shopping Center (Houston, TX) For Sale

225 FWY VIEW

$199K Shopping Center (Houston, TX) For Sale building is 6000 sqft on a very busy street in Houston, Texas.  Foreclosure thus, the building is empty.  It has freeway view-ability which makes this building very appealing.

Repair Estimate: $70-80K

After Repair Value: $525K

After Repair Rents: 3900-4400 Monthly ($199+70 = $269K / 3900 = 14.4% Cap Rate)

Days on Market: 1  –  MOVE FAST !!!!! YOU NEED $$ I WILL GET YOU A BRIDGE LOAN BUT YOU NEED AT LEAST 30% DOWN – 9%-11% Interest no pre-payment penalty

NEED ADDRESS ??? SIGN commission protection agreement

Building


Type 2 Star Retail Freestanding
Center
GLA 6,000 SF
Stories 1
Typical Floor 6,000 SF
Building Ht
Ceiling Ht
Docks None
Construction Masonry

Explanation of Estimated Rents


Property Mix

Parking12 Surface Spaces are available; Ratio of 3.00/1,000 SF

Frontage103′ on E Main St (with 1 curb cut)

Taxes$0.63/SF (2016)
Opex
Total Expenses
Walk Score®Car-Dependent (49)
Transit Score®Some Transit (45)

Land


Land Acres0.29 AC
Bldg FAR0.47
Corner LotYes
Land SF12,632 SF
Dimensions
ZoningNone
Parcel 0422323000020411
2016 Assessment
Improvements
Land
Total Value
  $148,972
 $19.57/SF
 $2.50/SF
$11.79/SF
NEED ADDRESS ??? SIGN commission protection agreement

Gas Station 29k Inside Sales – NO GAS taking offers ($399k OBO)

NEED ADDRESS ?? SIGN commission protection agreement

Seller wants $399K but I told him it is too high, so he is negotiable.  Store is located about 30 minutes from Houston.  He bought it 11 months ago and rehabbed it, IMS reports show 50-60k inside sales.  2,167 SF stand-alone building few blocks of major highway and various nationwide retailers. Few competitors are within the immediate market area of business. Room for improvement to bring more customers the Gas stations.  No contract on gas.

broad

 

Building

Type 2 Star Retail
GLA 2,496 SF
Stories 1
Typical Floor 2,496 SF
Year Built 1977
Tenancy Single
Owner Occup No
Parking 7 Surface Spaces are available; Ratio of 2.80/1,000 SF
Frontage 102′ on Main
Taxes$2.48/SF (2016)
Walk Score®Very Walkable (71)
Transit Score®Minimal Transit (0)

Land

Land Acres 0.29 AC
Bldg FAR 0.20
Land SF 12,500 SF
Zoning None
Current
YOY Change

Vacancy Rates

Current Building
0.0%
0.0%
Submarket 1-3 Star
7.2%
0.3%
Market Overall
5.2%
0.2%

NNN Asking Rents Per SF

Submarket 1-3 Star
$13.56
7.2%
Market Overall
$16.34
4.2%

Submarket Leasing Activity

12 Mo. Leased SF
439,185
17.4%
Months on Market
11.5
4.7 mo

Submarket Sales Activity

Current
Prev Year
12 Mo. Sales Volume (Mil.)
$50
$60.4
12 Mo. Price Per SF
$238
$130

Demographics

1 Mi 3 Mi
Population
5,643
19,291
Households
2,052
6,928
Average Age
37.50
37.70
Median HH Income
$49,925
$68,716
Daytime Employees
4,556
12,916
Population Growth ’17-’22
11.0%
9.9%
Household Growth ’17-’22
11.0%
9.9%

Traffic

Collection Street Cross Street Traffic Vol Year Distance
TRAFFIC COUNT
12,823
2015
0.06 mi
2016 Assessment
Improvements
Land
Total Value
 $166,254
 $43,757
$210,011
 $66.61/SF
 $3.50/SF
$16.80/SF

6 UNIT (QUADPLEX + DUPLEX) 10% CAP NOW & 15% CAP AT 100% OCCUPANY (HOUSTON, TX)

g-crest2

Excellent 6 unit apartment complex, generating $39,500 Net Operating Income now WITH 2 FRONT UNITS vacant.  Once we get the 2 units filled in we will have 15% Cap Rate over $57K annual NOI.  Located close to Gulf Gate mall (45S and 610s).

NEED ADDRESS: SIGN commission protection agreement

Asking Price: $389K

Demographics:

85% Hispanic

10% Caucasian

5% Other