High Cap Rate Shopping Center Nearly 9% Class A-B Houston For Sale

699 shopping center

For Sale

10,000 sqft shopping center on 1 acre of land, Class B- Shopping Center.  Offered for cheap at $599K with 100% Occupied and generating nearly $60,000 Net Operating Income – (Take home after expenses)

Price $599,000K+
Price/SF $61.28
Cap Rate near 10%
NOI $57,510
Sale Type Investment OR Owner/User
Status Active

 


bus term

Innerloop Houston Shopping Center in great area of Houston with Near 8.5% Cap Rate at $3M – 100% Occupied Class A Shopping Center

3 acres of Land for 1.4M for C-Store / Gas Station + Strip Center

2018-03-13

Land Size: 2.96 acres
Asking Price: $1.4M

Potential Layout can fit a Gas Station – C-Store PLUS 2 Strip Centers.  The location sits in front of a major subdivision and has no nearby / walkable shopping center or c-store nearby.  Commercial land / non-restricted.

Call 832-305-7653 for more information

High Cap Rate Shopping Centers in/near Houston from $500K

2 National Tenants with Rent Bumps in 2020 to jump cap rate to nearly 10% only $599K now at 8.5% Cap Rate

599k cap shopping

8% Cap Rate with over 15 Tenants – Recently Built and only 1 vacancy at 100% Occupied we are at over 9% Cap Rate

5m shopping center

Perfect location for Gas Station / C-Store / Bank or Owner Occupied Property – Do you see the Gas Station Location it has 70,000 cars per day + the Shopping Center cash flows with over 8.25% Cap Rate – Thus you can operate rent free.

Gas Station Shopping Center

Extreme Deal of The Year – 14% Cap Rate Shopping Center – $351,000 NOI

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Sale Notes

• 100%-occupied commercial center • Very attractive 14% cap rate, $351,000 Net Operating Income Annually • Tenants Include: Anytime Fitness, Met Petroleum & Cooper Tire (CTB). + many others • Site is shared with Ashley Furniture • The property should be relatively easy to own and operate • Additional 13.745 acres of land for sale for $500,000 and is not included in this sale

For Sale

Price $2,595,000
Price/SF $77.10
Cap Rate 13.53%
NOI $351,103
Sale Type Investment
Status Active
On Market 3 Days
Last Updated Dec 22, 2017

 Need Address Click Here:  https://app.hellosign.com/s/fbefe2f1

3 Houston Shopping Centers w/ 8.8% Cap Rate For Sale $5M Firm

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Want cash flow, consider these consolidated multiple shopping centers with long term tenants in place.  Not only do you receive the 8.8% Cap Rate, you also receive the 8 acres of land for a tremendous growth potential to exceed over 15%.

Need address please sign commission protection agreement or contact me at 832-305-7653 .

8AC | 41K SF RBA | CORNER LOT | DEV. OPPORTUNITY Development Opportunity with a mix of existing retail and storage. This center has excellent visibility, high traffic counts and easy access to I-45. Tenancy: Multi-Tenant. Tremendous upside potential. Utilities: Power,Water,Phone, Trash 13 Miles to IAH and Miles to Hobby.

For Sale

Price: $5,000,000 (firm)
Cap Rate 8.80%
Sale Type Investment
Status Active
Last Updated Dec 5, 2017
Update

Building

Type 3 Star Retail (Neighborhood Center)
GLA 41,150 SF
Stories 1
Typical Floor 41,150 SF
Year Built 2010
Tenancy Multi
Owner Occup No
Parking 550 Surface Spaces are available; Ratio of 13.37/1,000 SF
Frontage
Taxes$1.92/SF (2016)
Walk Score®Somewhat Walkable (60)
Transit Score®Some Transit (37)

Land

Land Acres8.00 AC
Bldg FAR0.12
Land SF348,480 SF
2016 Assessment
Improvements
Land
Total Value
 $2,588,362
 $1,093,022
$3,681,384
 $62.90/SF
 $3.14/SF
$10.56/SF
Current
YOY Change

Vacancy Rates

Current Building
0.0%
0.0%
Submarket 2-4 Star
4.7%
0.7%
Market Overall
5.3%
0.6%

NNN Asking Rents Per SF

Submarket 2-4 Star
$14.47
7.4%
Market Overall
$16.56
4.5%

Submarket Leasing Activity

12 Mo. Leased SF
129,144
38.7%
Months on Market
12.7
5.4 mo

Submarket Sales Activity

Current
Prev Year
12 Mo. Sales Volume (Mil.)
$4.9
$18.2
12 Mo. Price Per SF
$325
$207

 

9% CAP RATE ON HOUSTON SHOPPING CENTER FOR SALE AT $799K

This Houston Shopping Center is a 13,544 square foot retail center situated on a 29,751 square foot parcel at the intersection of 2 Main Streets in Houston, Texas, and has a 9% Cap at $75,000 Net Operating Income.

The center is 100% occupied by four local area tenants signed to triple net (NNN) leases, reimbursing the owner for operating expenses. Rents are all under market, allowing for future upside.

The property is highlighted by its strong retail fundamentals, such the center’s small, easy to lease spaces, shallow bay depth, reinforced concrete construction, two egress/ingress points, and excellent visibility

NEED MORE INFORMATION: SIGN commission protection agreement

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Building

Net Operating Income: $75,000 Annually
Type 2 Star Retail (Strip Center)
GLA 17,700 SF
Stories 1
Typical Floor 17,700 SF
Docks 2 ext
Construction Reinforced Concrete
Year Built 1983
Tenancy Multi
Owner Occup No
Elevators 0
Parking 18 free Surface Spaces are available; Ratio of 1.03/1,000 SF
Frontage
Taxes$1.12/SF (2016)
Opex$1.15/SF (2011)
Walk Score®Very Walkable (74)
Transit Score®Some Transit (34)

Land

Land Acres 0.68 AC
Bldg FAR 0.59
Land SF 29,751 SF
Dimensions 165′ x 180′
Zoning None
1 Mi 3 Mi
Population
21,928
144,617
Households
7,044
43,340
Average Age
32.90
32.70
Median HH Income
$35,650
$39,552
Daytime Employees
6,212
44,620
Population Growth ’17-’22
8.6%
8.5%
Household Growth ’17-’22
8.5%
8.5%

BUSDemographics

$399K Shopping Center Cheap on Main Street !! (Houston, TX)

399k center homes

Want a great shopping center for only $399k, on a busy Main Street of Houston Texas?  This may your diamond in the rough.  This shopping center consist of a Nail Salon, Grocery Store, and a a C-Store.  Property is located in one of the fastest booming areas of Houston. Great Location, great neighborhood. Building has three units, grocery store. The building has a living area in the back, just in case you need a little home away from home or maybe just rent it out, 2 bedrooms, 1 living room, and 1 full bath. Easy access to major freeways I69, I10, I45, I610. Strong visibility.

FOR ADDRESS: SIGN commission protection agreement

Price/SF $32.11
Cap Rate 8.00% at 85% Occupancy 
Vacancy: 3000 sqft (once filled cap rate will rise to 10.5%)
NOI $29,400
Sale Type Investment
Status Active

Building

Type 2 Star Retail Convenience Store
GLA 13,080 SF
Year Built: 1945
Stories 1
Typical Floor 13,080 SF
Construction Masonry
Year Built 1945
Tenancy Single
Taxes$0.74/SF (2016)
Opex$4.17/SF (2012)
Walk Score®Somewhat Walkable (54)
Transit Score®Some Transit (45)

Land

Land Acres0.67 AC
Bldg FAR0.45
Land SF29,251 SF
Parcel0731100160468
2016 Assessment
Improvements
Land
Total Value
 $324,077
 $58,500
$382,577
 $24.78/SF
 $2.00/SF
$13.08/SF
Current
YOY Change

Vacancy Rates

Current Building
0.0%
0.0%
Submarket 1-3 Star
6.0%
1.1%
Market Overall
5.3%
0.4%

NNN Asking Rents Per SF

Submarket 1-3 Star
$19.48
15.4%
Market Overall
$16.66
4.8%

Submarket Leasing Activity

12 Mo. Leased SF
105,461
88.4%
Months on Market
0.1
13.3 mo

Submarket Sales Activity

Current
Prev Year
12 Mo. Sales Volume (Mil.)
$0
$1.0

Demographics

1 Mi 3 Mi
Population
8,993
79,717
Households
3,140
25,800
Average Age
38.20
36.10
Median HH Income
$28,333
$30,602
Daytime Employees
1,131
21,165
Population Growth ’17-’22
8.4%
8.2%
Household Growth ’17-’22
8.4%
8.0%

Traffic

Collection Street Cross Street Traffic Vol Year Distance
Homestead Rd
Westcott Rd W
13,610
2015
0.24 mi
Homestead Rd
Larkstone St SW
12,530
2015
0.25 mi
Laura Koppe Rd
Spaulding St W
4,020
2015
0.32 mi
Weaver Rd
Shreveport Blvd NW
9,240
2015
0.33 mi
Ley Rd
Homestead Rd W
8,180
2015
0.34 m