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Cumberland Shopping Center 21693 FM 1314 16,025 SF 100% Leased Retail Building Porter, TX 77365 For Sale 6.50% Cap Rate
Investment Highlights
- 23,449 VPD on FM 1314, primary thoroughfare connecting Hwy 59 to Grand Parkway
- 44,000+ homes within a 5-mile radius
- Diverse daily-needs tenant mix including Domino's Pizza and Diverse Community Healthcare
- Surrounded by master-planned communities, Valley Ranch, Cumberland Crossing, and Riverwalk
- High-growth North Houston submarket with continued residential expansion
Executive Summary
Alison Commercial Group presents Cumberland Shopping Center, a fully leased, 16,026 SF multi-tenant retail center positioned on FM 1314 in Porter, Texas, a high-growth North Houston submarket surrounded by rapidly expanding master-planned communities.?
The property is 100% leased to six NNN tenants with a diverse daily-needs mix including Domino's Pizza, Diverse Community Healthcare, and Southern Maid Donuts serving a trade area of 44,000+ homes within a 5-mile radius.?
The center benefits from 23,449 vehicles per day on FM 1314, 242 feet of frontage, and strong monument signage visibility.? Surrounded by Valley Ranch, Cumberland Crossing, and Riverwalk master-planned communities, Porter represents one of the most compelling high-growth retail corridors in the North Houston MSA.?
This property is part of a 6-property Houston MSA retail portfolio. Available for individual purchase or as part of a portfolio/bulk acquisition. Contact listing broker for portfolio pricing and details.
The property is 100% leased to six NNN tenants with a diverse daily-needs mix including Domino's Pizza, Diverse Community Healthcare, and Southern Maid Donuts serving a trade area of 44,000+ homes within a 5-mile radius.?
The center benefits from 23,449 vehicles per day on FM 1314, 242 feet of frontage, and strong monument signage visibility.? Surrounded by Valley Ranch, Cumberland Crossing, and Riverwalk master-planned communities, Porter represents one of the most compelling high-growth retail corridors in the North Houston MSA.?
This property is part of a 6-property Houston MSA retail portfolio. Available for individual purchase or as part of a portfolio/bulk acquisition. Contact listing broker for portfolio pricing and details.
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,025 SF
Building Class
B
Year Built
2017
Cap Rate
6.50%
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.64 AC
Opportunity Zone
Yes
Zoning
None
Parking
95 Spaces (5.93 Spaces per 1,000 SF Leased)
Frontage
242’ on Farm to Market Road 1314
Amenities
- Air Conditioning
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 3604-51-00200 | Improvements Assessment | $2,838,034 CAD |
| Land Assessment | $603,138 CAD | Total Assessment | $3,441,172 CAD |
Property Taxes
Parcel Number
3604-51-00200
Land Assessment
$603,138 CAD
Improvements Assessment
$2,838,034 CAD
Total Assessment
$3,441,172 CAD
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Cumberland Shopping Center | 21693 FM 1314
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