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16143 N Eldridge Pky 14,300 SF 100% Leased Retail Building Tomball, TX 77377 $5,129,400 CAD ($358.70 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Center located at the corner of N. Eldridge Parkway and Guernsey Dr a signaled hard corner
- Múltiple access points and great visibility
- High traffic counts
- Located approximately 1.14 miles from Tomball Parkway a major freeway
- Solid long term tenants
Executive Summary
INVESTMENT HIGHLIGHTS
• Occupancy: 100% Leased
• Condition: Recently Renovated
• Turnkey, income-producing asset
• Strong suburban retail fundamentals
• High visibility along a major arterial
• Recent renovations reduce capital risk
• Ideal for:
• 1031 Exchange Buyers
• Passive Investors
• Retail Investors seeking stabilized yield
LOCATION OVERVIEW
• Prime frontage along N Eldridge Parkway
• Strong connectivity to:
• Tomball
• Cypress
• Northwest Houston
• Surrounded by dense residential communities and expanding rooftops
• High demand corridor for neighborhood retail
TRAFFIC COUNTS
• N Eldridge Parkway: ~25,000 – 35,000 VPD
• Strong commuter corridor supporting daily retail traffic
• Excellent visibility and access
• Occupancy: 100% Leased
• Condition: Recently Renovated
• Turnkey, income-producing asset
• Strong suburban retail fundamentals
• High visibility along a major arterial
• Recent renovations reduce capital risk
• Ideal for:
• 1031 Exchange Buyers
• Passive Investors
• Retail Investors seeking stabilized yield
LOCATION OVERVIEW
• Prime frontage along N Eldridge Parkway
• Strong connectivity to:
• Tomball
• Cypress
• Northwest Houston
• Surrounded by dense residential communities and expanding rooftops
• High demand corridor for neighborhood retail
TRAFFIC COUNTS
• N Eldridge Parkway: ~25,000 – 35,000 VPD
• Strong commuter corridor supporting daily retail traffic
• Excellent visibility and access
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
14,300 SF
Building Class
B
Year Built/Renovated
2005/2024
Price
$5,129,400 CAD
Price Per SF
$358.70 CAD
Cap Rate
6.50%
NOI
$333,411 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
1.29 AC
Zoning
F1 - Permitted uses: Broad commercial (retail, service, restaurant-type uses), subject to local restrictions rather than strict city zoning code
Parking
50 Spaces (3.52 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Desi Spirits
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
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Jan 0000
- Fúmee Enterprises
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Gleam Dental
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Lakewood Nails Salon
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Little Notions Monogramming
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
-
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Since opening their first location in the Spring area more than fifteen years ago; to opening a second location in the Tomball area. Los Tres Ranchitos has stayed true to its roots and continues to offer an indulging paradise of the Authentic Mexican cuisine, and also offers an innovative take of delicious Tex-Mex. With two locations, modest prices, and vast portions, their family friendly restaurants invite and welcome you to make yourself at home.
- Massage Star
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Desi Spirits | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Fúmee Enterprises | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Gleam Dental | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Lakewood Nails Salon | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Little Notions Monogramming | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
|
|
Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Massage Star | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1159970060055 | Improvements Assessment | $1,892,906 CAD |
| Land Assessment | $920,912 CAD | Total Assessment | $2,813,818 CAD |
Property Taxes
Parcel Number
1159970060055
Land Assessment
$920,912 CAD
Improvements Assessment
$1,892,906 CAD
Total Assessment
$2,813,818 CAD
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16143 N Eldridge Pky
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