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29189706
29189707

8017 Main St, Houston, TX 77025 For Sale

AA
TX 687033
The Blue Ox Group
Listed by The Blue Ox Group
$6,249,000
185 days on market
Updated 17 days ago

Main Street Retail

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 12,686
Net Rentable (SqFt) 12,686
Cap Rate 6.50%
NOI $406,233
Occupancy 100%
Tenancy Vacant
Lease Type NNN
Price per SqFt $493
Broker Co-Op Yes
Year Built 1992
Year Renovated 2019
Buildings 2
Stories 1
Lot Size (SqFt) 72,453
Investment Type Stabilized
Ground Lease No

Houston, TX Multi-Tenant Retail Investment Opportunity | 6.50% CAP | 12,686 SF GLA

Marketing description

LOCATED NEAR TMC & NRG STADIUM

The Property is ideally positioned within close proximity to The Texas Medical Center, the world’s largest medical center, and NRG Stadium – home to the Houston Texans NFL Team and The Houston Livestock Show and Rodeo.

EXCELLENT ACCESS & EXPOSURE

Main Street Retail has incredible visibility along Main St and Old Spanish Trail with exposure to over 47,700 cars per day. Ease of access in and around the Property is provided by ingress/ egress along Old Spanish trail as well as cross-access with the adjacent development.

DIVERSIFIED, INTERNET RESISTANT TENANT MIX

Main Street Retail is 100% leased and is by comprised of an internet resistant, diversified tenant mix providing food and health offerings to the immediate and surrounding area.

SIGNALIZED INTERSECTIONS

The center is positioned just off the signalized intersections of both Main St & Kirby Dr as well as Old Spanish Trail & Kirby Dr.

OPPORTUNITY ZONE

The Property is located within an Opportunity Zone within the Houston MSA.

Investment highlights

INVESTMENT OPPORTUNITY

Main Street Retail is a multi-tenant investment opportunity located at the SEC of S Main St and Kirby Dr in Houston, Texas. The center is currently 100% occupied and features a diversified tenant mix providing various food and health offerings to the immediate and surrounding area.

Listing Contacts

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

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$406,233.00
$33,852.75/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Property History

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Additional Information

Name
Anita M. Amin
License
TX 651377-SA
Brokerage
Blue Ox Brokerage, LLC
Title
Broker of Record
Brokerage Address
2421 Tangley St, Ste 105, Houston,
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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