Listed by Sands Investment Group
$2,500,000
Alliance Retail Center - Houston, TX
Details
APN 1235090010003
Property Type Retail
Sub Type Shopping Center
Square Footage 12,124
Net Rentable (SqFt) 12,124
Units 6
Cap Rate 7.04%
Occupancy 67%
Tenancy Multi
Brand/Tenant CVS Pharmacy, Salon
Lease Type Gross
Remaining Term 3
Rent Bumps Yes
Lease Options No
Pro-Forma Cap Rate 7.14%
Pro-Forma NOI $178,389
Price per SqFt $206
Broker Co-Op Yes
Class B
Year Built 2007
Buildings 1
Stories 1
Acreage 0.710
Zoning Commercial
Parking Spaces spaces
Investment Type Net Lease
Ground Lease No
67% Occupied Retail Center | Houston, TX | Lease-Up Potential
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 12,12,124400 SF Alliance Retail Center located at 13734 State Highway 249 in Houston, TX. This property offers a well-maintained, turn-key retail investment opportunity with strong local demographics and excellent visibility along a major thoroughfare in Houston. Situated on 0.71 acres with an efficient site layout, the asset provides income growth potential through the opportunity to increase rents and further stabilize occupancy, creating a compelling and unique investment opportunity.
Investment highlights
- Strategic Location: Positioned along State Highway 249, a major northwest Houston corridor with strong visibility and accessibility.
- High-Exposure Corridor: Benefits from significant frontage and daily traffic, enhancing tenant visibility and customer access.
- Value-Add Opportunity: Currently 67% occupied with 2 vacant units, offering immediate upside through lease-up.
- Stabilization Potential: Ideal for investors seeking to grow NOI through active leasing and operational improvements.
- Well-Maintained Property: Built in 2007 with no known deferred maintenance, reducing near-term capital needs.
- Multi-Tenant Retail Center: 6 total units comprising 12,124 SF of leasable space.
- Strong Traffic Counts: Exposure to approximately 27,572 vehicles per day, supporting tenant performance.
- Ample Parking: 36 surface spaces provide convenient access for tenants and customers.
- Solid Demographics: Over 111,600 residents within a 3-mile radius with steady population growth of 0.73%, supporting long-term retail demand.
- Efficient Site Layout: Situated on 0.71 acres with a functional layout that maximizes usability and access.
- Income Growth Potential: Opportunity to increase rents and stabilize occupancy, driving long-term value creation.
Listing Contacts
Listed by Sands Investment Group
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