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Plaza Aldine 12815-12829 Aldine Westfield Rd 9,425 SF 100% Leased Retail Building Houston, TX 77039 $4,013,270 CAD ($425.81 CAD/SF) 6.82% Cap Rate
INVESTMENT HIGHLIGHTS
- Frontage Location With Multiple Access Points
- 100 Percent Occupied
- Easy Access to Hardy Toll Road and Interstate 69
- Straight In-Line Retail Center
- NNN Tenants
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to exclusively list for sale Plaza Aldine, located at 12815 Aldine Westfield Road in Houston, Texas. This 9,425-square-foot retail center is located on approximately 0.75 acres fronting Aldine Westfield Road, near the intersection of Aldine Mail Route Road and Aldine Westfield Road. The property’s location allows for easy access to the Hardy Toll Road and Interstate 69.
The subject property is 100 percent occupied, accommodating seven tenants. All tenant leases are triple-net, protecting an investor from possible increases in future expenses. Additionally, the vast majority of tenants are signed to long-term leases.
Plaza Aldine is located next to Dollar General which ranks in the top 86 percent of Dollar General locations nationwide. Other nearby retailers include Walgreens and Advance Auto Parts, which also rank highly per Placer.AI.
The subject property is 100 percent occupied, accommodating seven tenants. All tenant leases are triple-net, protecting an investor from possible increases in future expenses. Additionally, the vast majority of tenants are signed to long-term leases.
Plaza Aldine is located next to Dollar General which ranks in the top 86 percent of Dollar General locations nationwide. Other nearby retailers include Walgreens and Advance Auto Parts, which also rank highly per Placer.AI.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,425 SF
Building Class
B
Year Built
2004
Price
$4,013,270 CAD
Price Per SF
$425.81 CAD
Cap Rate
6.82%
NOI
$273,769 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.75 AC
Zoning
N/A - N/A
Parking
46 Spaces (4.88 Spaces per 1,000 SF Leased)
Frontage
148’ on Aldine Westfield Rd
AMENITIES
- Pylon Sign
- Storage Space
PROPERTY TAXES
| Parcel Number | 1218780010003 | Improvements Assessment | $3,018,981 CAD (2025) |
| Land Assessment | $275,569 CAD (2025) | Total Assessment | $3,294,550 CAD (2025) |
PROPERTY TAXES
Parcel Number
1218780010003
Land Assessment
$275,569 CAD (2025)
Improvements Assessment
$3,018,981 CAD (2025)
Total Assessment
$3,294,550 CAD (2025)
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Plaza Aldine | 12815-12829 Aldine Westfield Rd
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