Listed by CBRE - Houston Galleria, CBRE Group Inc.
$4,875,000
Rowlett Retail Center
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 14,128
Net Rentable (SqFt) 14,128
Units 10
Cap Rate 7.1%
NOI $346,055
Occupancy 100%
Tenancy Multi
Lease Type Modified
Price per SqFt $345
Class B
Year Built 2008
Stories 1
Acreage 0.980
Investment Type Value Add
Ground Lease No
Sale Condition N/A
Retail | 7.10% CAP | 14,128 SqFt
Marketing description
FOR SALE: Walmart Shadow Anchored Value-Add Strip Center | Major Freeway Frontage | Houston, MSA
Investment highlights
EXCEPTIONAL EXPOSURE & VISIBILITY
ATTRACTIVE MIX OF NATIONAL & LOCAL TENANCY | 66% NATIONAL BRANDS
UPSIDE VIA LEASE RESTRUCTURING (CONVERSION OF GROSS LEASES TO NNN) & MARKING RENTS TO MARKET
GROCERY SHADOW ANCHORED & POSITIONED AT THE EPICENTER OF MAJOR RETAIL NODE
Listing Contacts
Listed by CBRE - Houston Galleria, CBRE Group Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$346,055.00
$28,837.92/mo
Valuation Metrics
0
DSCR
7.1%
Cap Rate
7.1%
ROI
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