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1619 Texas Pky 4,500 SF 100% Leased Retail Building Missouri City, TX 77489 $1,866,375 CAD ($414.75 CAD/SF) 5.81% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupied, stable tenants
- High Visibility from Texas Pkwy street with heavy traffic
- Adjacent to new Discount tire and a bank
EXECUTIVE SUMMARY
SELLER FINANCING available at 650,000 payment, low interest rate!
-Property Type: 4-unit Retail Strip Center
-Area: 4,500sqft building on 0.58 acre lot
-Location: Missouri City, TX
-Construction Year: Built in 1997, offering newer construction compared to neighboring properties
-Occupancy: Fully leased by reliable tenants, including one with a long-term lease of 10 years
-Rental Potential: Currently charging below-market rents, with potential for future increases.
-Visibility: Located on the busy Texas Pkwy street, ensuring high visibility and significant foot traffic
-Nearby Facilities: Adjacent to a newly-built Discount Tire; directly across from the HCC Missouri City campus
-Area Development: Situated in a rapidly growing area with Houston Community College New Campus is across the street with another HCC Real World Education campus is being built
-Market Opportunity: Unique investment opportunity with no comparable properties available within a 10-mile radius
-Proximity to Major Areas: Conveniently close to Sugar Land and Pearland, enhancing its appeal and accessibility
We do require interested buyers to fill out an NDA and provide Proof of Fund before we can share more financial information.
Please copy and paste the link below in your browser to access the NDA: https://form.jotform.com/242105680506046
If you have any question, please contact info@therealtytexas.com or call 844-THE-8880
-Property Type: 4-unit Retail Strip Center
-Area: 4,500sqft building on 0.58 acre lot
-Location: Missouri City, TX
-Construction Year: Built in 1997, offering newer construction compared to neighboring properties
-Occupancy: Fully leased by reliable tenants, including one with a long-term lease of 10 years
-Rental Potential: Currently charging below-market rents, with potential for future increases.
-Visibility: Located on the busy Texas Pkwy street, ensuring high visibility and significant foot traffic
-Nearby Facilities: Adjacent to a newly-built Discount Tire; directly across from the HCC Missouri City campus
-Area Development: Situated in a rapidly growing area with Houston Community College New Campus is across the street with another HCC Real World Education campus is being built
-Market Opportunity: Unique investment opportunity with no comparable properties available within a 10-mile radius
-Proximity to Major Areas: Conveniently close to Sugar Land and Pearland, enhancing its appeal and accessibility
We do require interested buyers to fill out an NDA and provide Proof of Fund before we can share more financial information.
Please copy and paste the link below in your browser to access the NDA: https://form.jotform.com/242105680506046
If you have any question, please contact info@therealtytexas.com or call 844-THE-8880
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
4,500 SF
Building Class
B
Year Built
1997
Price
$1,866,375 CAD
Price Per SF
$414.75 CAD
Cap Rate
5.81%
NOI
$108,374 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.58 AC
Zoning
X - No Zoning
Parking
45 Spaces (10 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 0264-00-000-0124-907 | Improvements Assessment | $760,014 CAD |
| Land Assessment | $189,028 CAD | Total Assessment | $949,042 CAD |
PROPERTY TAXES
Parcel Number
0264-00-000-0124-907
Land Assessment
$189,028 CAD
Improvements Assessment
$760,014 CAD
Total Assessment
$949,042 CAD
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1619 Texas Pky
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