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23250955
23250954

4429 Griggs Rd, Houston, TX 77021 For Sale

AA
TX 687033
The Blue Ox Group
Listed by The Blue Ox Group
$9,482,000
440 days on market
Updated 12 days ago

Griggs Rd Shopping Center

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 52,976
Cap Rate 7.25%
NOI $687,479
Tenancy Multi
Lease Type NNN
Price per SqFt $200
Broker Co-Op Yes
Year Built 1952
Year Renovated 2002
Stories 1
Lot Size (SqFt) 190,793
Investment Type Stabilized

Multi-tenant Investment Opportunity | 7.25% CAP | 52,976 SF

Marketing description

INTERNET RESISTANT TENANT LINE UP WITH STRONG ANCHORS

The Property is anchored by Family Dollar, Rent-A-Center and CitiTrends (#6 ranked location in Houston MSA based on daily visits) and is comprised of a strong internet resistant tenant lineup providing various retail, service and medical offerings to the immediate and surrounding areas.

INCREDIBLE VISIBILITY AND ACCESS

Griggs Rd Shopping Center has incredible visibility along Griggs Rd, Cullen Blvd and Old Spanish Trail with exposure to over 35,000 cars per day. Ease of access in and around the Property is provided by an abundance of ingress/egress points: three (3) along Cullen Blvd and two (2) along Griggs Rd.

SIGNALIZED INTERSECTION

Griggs Rd Shopping Center is ideally positioned at the signalized intersection of Griggs Rd and Cullen Blvd.

EASY ACCESS TO MAJOR HIGHWAYS

The center is strategically located at the intersection of Griggs Rd & Cullen Blvd with easy access to several major highways in the Houston MSA including: US-90 ALT, Highway 288, Loop 610 and Interstate 45.

Investment highlights

INVESTMENT OPPORTUNITY

Griggs Rd Shopping Center is a multi-tenant investment opportunity located at the NWC of Griggs Rd & Cullen Blvd in Houston, Texas. The center is anchored by Family Dollar, Rent-A-Center and CitiTrends (#6 ranked location in Houston MSA based on daily visits) and is comprised of a strong internet resistant tenant lineup providing various retail, service and medical offerings to the immediate and surrounding areas.

Listing Contacts

AA
TX 687033
The Blue Ox Group
Listed by The Blue Ox Group

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$687,479.00
$57,289.92/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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Additional Information

Name
Blue Ox Brokerage, LLC
License
TX 9009549
Brokerage
The Blue Ox Group
Title
Broker of Record
Brokerage Address
2421 Tangley St, Suite 105, Houston, TX 77005
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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