Listed by CBRE - Houston Galleria, CBRE Group Inc.
$8,595,000
Market at Northpointe
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 17,261
Net Rentable (SqFt) 17,261
Units 7
Cap Rate 6.61%
NOI $568,029
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $498
Class A
Year Built 2024
Buildings 1
Stories 1
Acreage 2.360
Ground Lease No
Retail | 6.61% CAP | 17,261 SqFt
Marketing description
For Sale | Shadow Anchored Strip on Major Houston Freeway | 166,000+ VPD | $150,000+ HH Incomes
Investment highlights
- CLASS A 2024 CONSTRUCTION WITH CLEAN INLINE DESIGN & PREMIUM STONE FAÇADE
- PRIME POSITIONING ALONG TOMBALL PKWY (HWY 249), ONE OF NORTHWEST HOUSTON’S 2 PRIMARY ARTERIES INTO THE CITY | 166,000+ VPD
- INVALUABLE DIRECT CROSS-TRAFFIC EXPOSURE VIA TOP RANKED MAIN EVENT & REGAL LONESTAR SHADOW ANCHORS
- STRONG TENANT MIX WITH 34% NATIONAL TENANCY COUPLED WITH POPULAR FAST-GROWING LOCAL CONCEPTS
- AFFLUENT CONSUMER BASE WITH AVERAGE HOUSEHOLD INCOMES OF $150,000+,30% HIGHER THAN THE NATIONAL AVERAGE
Listing Contacts
Listed by CBRE - Houston Galleria, CBRE Group Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$568,029.00
$47,335.75/mo
Valuation Metrics
0
DSCR
6.61%
Cap Rate
6.61%
ROI
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