Listed by Partners Real Estate Houston, Partners
$9,332,416
9223 Broadway Street
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 35,132
Net Rentable (SqFt) 35,132
NOI $583,276
Occupancy 77.3%
Tenancy Multi
Price per SqFt $266
Year Built 2006
Acreage 2.550
Ground Lease No
35,132 SF Retail Center
Marketing description
Strong Population Growth
The subject property is positioned within a 5-mile radius of more than 177,000 residents and has experienced significant population growth since 2020.
Affluent & Expanding Demographics
Average household income within a 1-mile radius exceeds $150,000, while the surrounding 5-mile trade area includes more than 59,000 households. Residential growth in the area has continued to accelerate since 2020.
Prominent Street Frontage
The property features approximately 477 feet of frontage along Broadway Street, offering strong visibility and accessibility.
Highly Accessible Location
Located less than 1.5 miles from Highway 288, the property benefits from convenient regional access and proximity to a major transportation corridor.
Listing Contacts
Listed by Partners Real Estate Houston, Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$583,276.00
$48,606.33/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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