Listed by CBRE - Houston Galleria, CBRE Group Inc.
$10,195,882
Bridgestone Plaza
Details
Property Type Retail
Square Footage 31,295
Units 17
Cap Rate 6.55%
NOI $667,830
Occupancy 96%
Tenancy Multi
Class B
Year Built 1984
Year Renovated 2010
Acreage 2.850
Parking Spaces 4.60 per 1,000 sq ft
Ground Lease No
Retail | 6.55% CAP | 31,295 SqFt
Marketing description
Seasoned Tenancy with Below Market Rents | | H-E-B Shadowed | Houston MSA
Investment highlights
- Longstanding Tenancy
- Growing Population
- Highly Sought-after Submarket
- Positioned on Hard Corner at Lighted Intersection Along Spring’s Main Thoroughfare
- Located in Spring’s Primary Retail Node, One Block From H-E-B
- Attractive Development Opportunity Via Additional Pad Site on Underutilized Green Space
- Coveted Rent Growth & Mark to Market Potential
Listing Contacts
Listed by CBRE - Houston Galleria, CBRE Group Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$667,830.00
$55,652.50/mo
Valuation Metrics
0
DSCR
6.55%
Cap Rate
6.55%
ROI
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