100% Leased | 6-Tenant Trophy Retail Center
Houston, TX | Newly Constructed | 7yr WALT | 6.65% CAP
Marketing description
Marcus & Millichap is pleased to present the opportunity to acquire a newly constructed, stabilized retail center located at 4145 Gessner Road in Houston, Texas.
Built in 2023, the ±18,228-square-foot center is situated on ±1.67 acres and features a strong national and regional tenant lineup, including The UPS Store, Marco's Pizza, Mendoza Mexican Grill, Tom n Tom's Coffee, Logos Dental, and Monarch Behavioral Therapy. The property offers a weighted average lease term (WALT) of approximately + 7 years and generates annual net operating income of $531,820, providing investors with stable, predictable cash flow secured by NNN leases with minimal landlord responsibilities limited to roof and structure.
Strategically positioned along Gessner Road, a high-traffic corridor surrounded by dense residential neighborhoods, schools, and major employers, the center benefits from excellent visibility and daily exposure. This offering represents a rare opportunity to acquire a newly built, multi-tenant retail asset in one of Houston's most dynamic submarkets—backed by high-quality tenants, strong lease terms, and long-term income stability.
Investment highlights
- Trophy Asset in Houston | Newer construction (2023) 6-suite retail center with end cap drive-thru, totaling ±18,228 SF.
- 100% Leased with Strong Tenant Mix | The UPS Store, Marco’s Pizza, Juarez Mexican Restaurant, Tom n Tom’s Coffee, Logos Dental, and Behavioral Innovations. Incoming Andy’s Frozen Custard (NAP) and a New Construction Chipotle (NAP) further enhances tenant diversity.
- Prime Location with High Traffic Counts | Positioned along Gessner Road (+15,334 VPD), surrounded by dense residential neighborhoods, schools, and major employers. Excellent visibility and accessibility in one of Houston’s most dynamic submarkets.
- Houston Market Strength | Houston is the #1 leasing submarket in the nation, supported by steady population growth (278K within 5 miles), strong average household income ($138K), and robust consumer spending.
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