Linh Dao City Centre & Linh Dao Plaza
96% Leased Multi-Tenant Flex Center with Upside : NNN Leases : Below Market Rents : Houston, TX
Marketing description
The subject property is comprised of 15 multi-tenant flex buildings totaling 120,195 square feet of leasable area, which includes 10,500-square feet of canopied space, well positioned in the northwestern quadrant of Houston, Texas. The center is 96 percent occupied, and all leases are on triple-net terms. The diverse tenant base consists of internet-resistant and service-oriented local businesses providing service to the surrounding area. The buildings are situated on 8.05 acres with concrete parking, and were constructed between 2017 and 2021, featuring metal roofs.
Linh Dao City Centre and Linh Dao Plaza are located on Jones Road with high traffic counts exceeding 48,286 vehicles per day. The subject property is in a dense retail trade area, near neighboring national and regional retailers including H-E-B, Family Dollar, Discount Tire, Kroger, ALDI, Planet Fitness, McDonald's, Take 5 Oil Change, Ollie's Bargain Outlet, Goodwill, Ross Dress for Less, Dollar Tree, EZPawn, Metro by T-Mobile, Walmart Supercenter, Target, The Home Depot, and many more. The subject property is also in close proximity to major employers such as Toshiba International Corporation, providing a daytime employment population of approximately 153,220 people within a five-mile radius.
Investment highlights
Multi-Tenant Flex Center Comprised of 15 Buildings Situated on Two Land Parcels for a Combined Gross Leasable Area of 120,195 Square Feet
Stabilized Asset | All Leases are on Triple-Net Terms
Diverse Mix of Internet-Resistant and Service-Oriented Local Businesses
Current Average Rents are Below Market | Approximately 5,280-Square-Feet of Vacancy | Potential Future Upside with Many Leases on Month-to-Month Status
Newer Construction (2017 - 2021) | 100% of the Buildings have Metal Roofs
Landlord Reports Strong Occupancy History
Located on Jones Road | High Traffic Counts Exceeding 48,286 Vehicles per Day
Dense Retail Trade Area Featuring H-E-B, Family Dollar, Discount Tire, Kroger, ALDI, Planet Fitness, Ross Dress for Less, Dollar Tree, EZPawn, Walmart, Target, The Home Depot, and More in Close Proximity
Large Daytime Workforce of Approximately 153,220 People within a Five-Mile Radius
Desirable Demographics | Average Household Income within Five Miles is $98,014 | Population Exceeds 248,957 Residents within Five Miles
Houston is the Most Populous City in Texas and the Fifth Most Populous City in the United States | One of the Largest International Trading Hubs in the Americas
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