Listed by Hunington Properties
$3,880,000
North Lexington
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 11,985
Cap Rate 7.00%
Occupancy 100%
Tenancy Multi
Year Built 2017
Buildings 1
Lot Size (SqFt) 54,606
Ground Lease No
Retail | 7.00% CAP | 11,985 SqFt
Marketing description
PLEASE CONTACT FOR MORE INFORMATION:
Todd Carlson - todd@hpiproperties.com
Tooba Patoli - tooba@hpiproperties.com
Abdul Sabha - abdul@hpiproperties.com
Investment highlights
• 2017 construction with all spaces built-out as second-generation retail, minimizing near-term capital expenditure.
• 100% leased to local, service-oriented tenants with established neighborhood brands and in-place rent payments.
• Majority of leases feature annual rent increases, with current rents slightly below market, providing built-in NOI growth at renewal.
• Strategic North Houston location near George Bush Intercontinental Airport, ExxonMobil’s corporate campus, and Six Flags Hurricane Harbor Splashtown in Spring, drawing strong daily traffic and regional visibility.
Listing Contacts
Listed by Hunington Properties
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