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STNL Investment Opportunity | 7.7% Cap Rate 15301 Gulf Fwy 10,780 SF Retail Building Houston, TX 77034 $6,979,600 CAD ($647.46 CAD/SF) 7.68% Cap Rate
INVESTMENT HIGHLIGHTS
- Occupied by one of Houston's premiere wedding and event centers
- Easy accessibility from Friendswood, Pearland, Houston, Pasadena and Clear Lake areas
- Over 124,00 Vehicles Per Day
- Dedicated Pylon Signage
EXECUTIVE SUMMARY
The subject property is leased to D'Gala Event Centers, one of Houston's premier wedding and event venues, with six existing locations and one under construction. The building includes a fully fixtured kitchen, upscale interior finishes, access to 135 parking spaces, and pylon signage visible to the more than 124,000 vehicles that travel along the Gulf Freeway each day. Please contact listing brokers for more information.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
10,780 SF
Building Class
C
Year Built/Renovated
1997/2021
Price
$6,979,600 CAD
Price Per SF
$647.46 CAD
Cap Rate
7.68%
NOI
$536,033 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.63 AC
Zoning
None - None
Parking
90 Spaces (8.35 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- D'Gala Event Centers
- Arts, Entertainment, and Recreation
- 10,780 SF
- -
- Triple Net
- Dec 2026
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| D'Gala Event Centers | Arts, Entertainment, and Recreation | 10,780 SF | - | Triple Net | Dec 2026 |
PROPERTY TAXES
| Parcel Number | 1189670010001 | Improvements Assessment | $1,815,859 CAD |
| Land Assessment | $1,202,937 CAD | Total Assessment | $3,018,796 CAD |
PROPERTY TAXES
Parcel Number
1189670010001
Land Assessment
$1,202,937 CAD
Improvements Assessment
$1,815,859 CAD
Total Assessment
$3,018,796 CAD
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STNL Investment Opportunity | 7.7% Cap Rate | 15301 Gulf Fwy
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