Listed by Wexford Commercial Properties
$7,845,000
Eagles Landing on Huffmeister
Details
APN 1301390010006
Property Type Retail
Sub Type Shopping Center
Square Footage 19,037
Cap Rate 6.91%
NOI $542,298
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Year Built 2009
Acreage 2.910
Zoning Commercial
Parking Spaces 4.40 per 1,000 sq ft
Investment Type Stabilized
Ground Lease No
Retail | 6.91% CAP | 19,037 SqFt
Marketing description
Wexford Commercial Properties is pleased to offer Eagles Landing on Huffmeister in Houston, Texas. This is a 100% leased, stabilized asset, that offers an investor the opportunity to acquire a well located and constructed multi-tenant retail center at a 6.91% cap rate on in-place NOI. The property is a 19,037 square foot inline center located on Huffmeister Road consisting of 12 tenants, including a pad site occupied by a drive-thru coffee concept under a long-term ground lease.
Investment highlights
- Mix of national and local tenants
- Eagles Landing on Huffmeister is being offered at $7,845,000 with in-place net operating income of $542,298
- Weighted Average Lease Term (WALT) = 5.75 years
- Attractive channel letter storefront signage
- Shared courtyard
- Stable, diversified, service-oriented tenant mix
- Excellent visibility with prominent storefront and monument signage
Listing Contacts
Listed by Wexford Commercial Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$542,298.00
$45,191.50/mo
Valuation Metrics
0
DSCR
6.91%
Cap Rate
6.91%
ROI
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