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11400-11404 Gulf Fwy
Houston, TX 77034
Rowlett Retail Center · Retail Property For Sale
Investment Highlights
- EXCEPTIONAL EXPOSURE & VISIBILITY
- UPSIDE VIA LEASE RESTRUCTURING (CONVERSION OF GROSS LEASES TO NNN) & MARKING RENTS TO MARKET
- ATTRACTIVE MIX OF NATIONAL & LOCAL TENANCY | 66% NATIONAL BRANDS
- GROCERY SHADOW ANCHORED & POSITIONED AT THE EPICENTER OF MAJOR RETAIL NODE
Executive Summary
FOR SALE: Walmart Shadow Anchored Value-Add Strip Center | Major Freeway Frontage | Houston, MSA
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
14,128 SF
Building Class
B
Year Built
2008
Price
$6,696,885 CAD
Price Per SF
$474.02 CAD
Cap Rate
7.10%
NOI
$475,383 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.98 AC
Zoning
none - n/a
Parking
53 Spaces (3.75 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 1295780010001 | Improvements Assessment | $3,993,592 CAD |
| Land Assessment | $585,218 CAD | Total Assessment | $4,578,811 CAD |
Property Taxes
Parcel Number
1295780010001
Land Assessment
$585,218 CAD
Improvements Assessment
$3,993,592 CAD
Total Assessment
$4,578,811 CAD
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