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2400 N Shepherd Dr
Houston, TX 77008
Retail Property For Sale
Investment Highlights
- Extensive Renovations: In 2016, the building was taken down to its steel structure and fully rebuilt, replacing all major components
- Grocery Anchored: Located next to the only H-E-B in The Heights
- Irreplaceable Location: Located on the NEC of N. Shepherd Drive and 24th Street
- Long Average Lease Term: Weighted Average Lease Term over 6.5 years
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,950 SF
Year Built/Renovated
1972/2016
Price
$6,170,004 CAD
Price Per SF
$1,036.98 CAD
Cap Rate
6%
NOI
$370,228 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.45 AC
Zoning
None
Parking
24 Spaces (4.03 Spaces per 1,000 SF Leased)
Frontage
105’ on Shepherd Dr
Amenities
- Bus Line
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 1336230010001 | Improvements Assessment | $1,315,126 CAD |
| Land Assessment | $2,731,934 CAD | Total Assessment | $4,047,059 CAD |
Property Taxes
Parcel Number
1336230010001
Land Assessment
$2,731,934 CAD
Improvements Assessment
$1,315,126 CAD
Total Assessment
$4,047,059 CAD
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