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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
$7,056,931 CAD
Price Per SF
$499.50 CAD
Cap Rate
6.75%
NOI
$476,040 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 | $4,096,476 CAD |
| Land Assessment | $600,295 CAD | Total Assessment | $4,696,771 CAD |
PROPERTY TAXES
Parcel Number
1295780010001
Land Assessment
$600,295 CAD
Improvements Assessment
$4,096,476 CAD
Total Assessment
$4,696,771 CAD
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