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MEMORIAL/ENERGY CORRIDOR SHOPPING CENTER 14129 Memorial Dr 8,348 SF 19% Leased Retail Building Houston, TX 77079 $5,838,042 CAD ($699.33 CAD/SF) 5% Cap Rate
Investment Highlights
- Newly Remodeled
- High Traffic Area
Executive Summary
NEWLY REMODELED CENTER. KOLACHE FACTORY, MONARCH BAR, AS ANCHOR TENANTS
No vacant space. 100% leased.
Gross Rent Roll
Kolache Factory $7,604.32 9/90/2026
Monarch Pub $5,400.00 2/28/2025
Club Pilates $4,119.05 10/31/2024
Rustic Brush $3,950.00 1/31/2025
Located on MEMORIAL near KIRKWOOD.
No vacant space. 100% leased.
Gross Rent Roll
Kolache Factory $7,604.32 9/90/2026
Monarch Pub $5,400.00 2/28/2025
Club Pilates $4,119.05 10/31/2024
Rustic Brush $3,950.00 1/31/2025
Located on MEMORIAL near KIRKWOOD.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$343,411
|
$41.14
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$343,411
|
$41.14
|
| Taxes |
$52,261
|
$6.26
|
| Operating Expenses |
$16,296
|
$1.95
|
| Total Expenses |
$68,557
|
$8.21
|
| Net Operating Income |
$274,854
|
$32.92
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $343,411 |
| Annual Per SF | $41.14 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $343,411 |
| Annual Per SF | $41.14 |
| Taxes (CAD) | |
|---|---|
| Annual | $52,261 |
| Annual Per SF | $6.26 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $16,296 |
| Annual Per SF | $1.95 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $68,557 |
| Annual Per SF | $8.21 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $274,854 |
| Annual Per SF | $32.92 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
8,348 SF
Building Class
C
Year Built/Renovated
1979/2023
Price
$5,838,042 CAD
Price Per SF
$699.33 CAD
Cap Rate
5%
NOI
$291,902 CAD
Percent Leased
19%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.63 AC
Zoning
None - NEWLY REMOLDED CENTER. KOLACHE FACTORY & MONARCH PUP AS ACHORE TENANTS
No vacant space. 100% leased.
Frontage
126’ on Memorial Drive
Amenities
- 24 Hour Access
- Pylon Sign
- Restaurant
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0813110000002 | Total Assessment | $2,699,526 CAD (2025) |
| Land Assessment | $1,502,178 CAD (2025) | Annual Taxes | $52,261 CAD ($6.26 CAD/SF) |
| Improvements Assessment | $1,197,348 CAD (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
0813110000002
Land Assessment
$1,502,178 CAD (2025)
Improvements Assessment
$1,197,348 CAD (2025)
Total Assessment
$2,699,526 CAD (2025)
Annual Taxes
$52,261 CAD ($6.26 CAD/SF)
Tax Year
2023
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MEMORIAL/ENERGY CORRIDOR SHOPPING CENTER | 14129 Memorial Dr
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