Listed by Evermark Commercial Group
$4,200,000
Westchase Houston I Lease Through 2030 I Stable Cash Flow
Details
Property Type Retail
Sub Type Pharmacy/Drug, Storefront
Square Footage 9,596
Cap Rate 6.00%
NOI $260,000
Occupancy 100%
Tenancy Single
Lease Expiration 12/31/2030
Acreage 0.770
Ground Lease No
Hard Corner Retail | 6% Cap | Prime Houston Retail Corridor
Investment highlights
Prime Houston Retail Corridor
- Located at the signalized intersection of Richmond Avenue & Fondren Road in the highly trafficked Westchase/Tanglewilde submarket.
Long-Term Lease in Place
- Master lease expires December 31, 2030, providing stable in-place cash flow.
Excellent Visibility & Access
- Hard corner location with strong frontage along Richmond Avenue and multiple points of ingress/egress.
Dense Demographics
- Situated within a densely populated and affluent trade area with significant daytime employment population.
Strong Traffic Counts
- Richmond Avenue and Fondren Road carry substantial daily traffic volumes, supporting long-term retail viability.
Houston MSA Fundamentals
- Positioned in one of the nation’s largest and fastest-growing metropolitan areas with diversified economic drivers.
Listing Contacts
Listed by Evermark Commercial Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$260,000.00
$21,666.67/mo
Valuation Metrics
0
DSCR
6.19%
Cap Rate
6.19%
ROI
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